Fed Chair Powell's speech today looms as interest rate cut debate rages on
The Fed is boxed into a corner by its dual mandate.
Federal Reserve Bank Chair Jerome Powell stayed the course after being summoned to an economic woodshed at the White House by President Trump, who has been vocal about demands that the Fed ax interest rates.
The May 29 faceoff was Powell's first visit to the White House during Trump's second tour. In a statement, Powell's office said the meeting's agenda was to "to discuss economic developments, including for growth, employment, and inflation."
