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.

Federal Reserve Chair Jerome Powell and President Trump met for the first time in the president’s second term and sent mixed messages over their long-running discord over interest rates.

President Donald Trump on Thursday met with Federal Reserve Chair Jerome Powell for the first time in his second term, scolding him for not lowering borrowing costs. Powell maintained that any decisions won’t be based on the president’s demands.