Jerome Powell in Podcasts

In a meeting at the White House today, President Trump told Federal Reserve Chair Jerome Powell that he's making a mistake by not lowering interest rates. The Fed said Powell met with Trump at the president's invitation. It was their first meeting in Trump's second term. The Fed said that Powell didn't discuss his specific expectations for monetary policy.

They view it as not a disaster, but a further signal that Chairman Powell will at some point need to reduce interest rates. So the markets are taking this quite in stride, notwithstanding the negativity of so few private payroll jobs being added. Another comment on this, some of the The talkers, the public speakers are saying that this is hiring hesitancy based on uncertainty of the economy.