Key Takeaways President Donald Trump met with Fed Chair Jerome Powell on Thursday.Trump has frequently called on Powell to cut interest rates, but the Fed has not done so since Trump took office.The Fed is not under the direct control of the White House,

Trump has repeatedly gone after Powell as the Fed has declined to immediately cut interest rates as the president requested.

President Donald Trump met with Federal Reserve Chairman Jerome Powell as Trump and others in the administration have pressed the central bank to lower interest rates. The Fed announced the Thursday meeting in a brief statement.