The Federal Reserve chair said the two discussed "economic developments" but not his expectations for monetary policy at a White House meeting called by the president.

President Donald Trump met Thursday with Federal Reserve Chair Jerome Powell amid the president badgering the central bank for lower interest rates. The central bank confirmed in a release that the meeting occurred,

In contrast to the Fed’s cautious approach, Donald Trump has continued to push for interest rate cuts. He argues that the current rates are too high, holding back the U.S. economy. He said lowering rates would encourage business investment, support consumer spending, and give financial markets a much-needed boost.