Fed Chair Powell and Trump have had no contact after Trump criticized Fed for rates.

From CNBC: 2025-01-29 16:32:51

Federal Reserve Chair Jerome Powell confirms no contact with President Trump after Trump demanded lower interest rates. Powell emphasizes independence from political pressure. Despite Trump’s comments, Powell remains focused on Fed’s goals. Trump criticizes Powell and the Fed for failing to control inflation. Interest rates held steady in first decision under Trump’s second term.

Read more: Fed’s Powell has had no contact with Trump after president said he’ll demand rates drop