Trump Confirms: Fed May Move Soon Towards Interest Rate Cut. In a clear indication of the Federal Reserve's potential move, US President Donald Trump stated on Friday that he had a "very positive" meeting with Federal Reserve Chairman Jerome Powell, suggesting that the central bank might consider lowering interest rates in the near future. This rare meeting between the two men took place during Trump's visit to the Fed headquarters in Washington, where he inspected ongoing renovations at two key buildings, which had previously drawn criticism from the White House due to their cost. According to informed sources, the meeting was marked by some tension regarding the project, along with discussions about future monetary policy direction. Speaking to reporters, Trump said, "I understood from Powell's remarks that he may soon be inclined to recommend a rate cut, especially given the strong performance of the US economy, which he himself confirmed." These comments come ahead of the Federal Reserve's monetary policy meeting next week, where the bank is expected to keep interest rates within the 4.25%-4.50% range, as markets await any hints of a potential shift in monetary policy. Indicating continued political pressure on the central bank, Trump renewed his attacks on Powell, describing him this week as "dumb" and "incompetent," although he denied any intention of firing him at present. For its part, the Fed issued a brief statement expressing its appreciation for the president's visit and reaffirming its commitment to completing the renovation project "to the highest standards."
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