Trump Suggests Fed May Be Ready to Lower Rates

US PRESIDENT DONALD Trump said on Friday he had a good meeting with Federal Reserve chair Jerome Powell and got the impression that the head of the US central bank might be ready to lower interest rates.

- STEVE HOLLAND & NANDITA BOSE

The two men met on Thursday when Trump made a rare visit to the US central bank to tour the ongoing renovation of two buildings at its headquarters in Washington. The White House has criticized the cost of the project, and the president and Powell sparred over the issue during the visit.

Trump also took the opportunity to again publicly call on Powell to slash rates immediately.