President Trump Says He Had a “Good Meeting” With Jerome Powell, Believes He Will Lower Interest Rates!

President Trump might have finally got Federal Reserve Chair Jerome Powell to agree to cut interest rates!

After meeting with Powell yesterday while touring the totally ridiculous $3.1 billion renovations project, President Trump now says that he believes Powell is ready to lower interest rates.

Watch what he had to say here:

🚨 BREAKING: President Trump hints Jerome Powell may soon lower interest rates:

“We had a very good meeting. He said to me… ‘the country is doing well, congratulations.’ I took that to mean he’s going to start recommending rate cuts.”
pic.twitter.com/jSdnfAGPWJ

— Benny Johnson (@bennyjohnson) July 25, 2025

Transcript:

President Trump: I think that Jerome Powell — I think we had a very good meeting. Forgetting about the building, that’s out of control. But I think we had a very good meeting on interest rates, and he said to me — now, I don’t know if he’s going to say this on Thursday, but he said to me very strongly, “the country is doing well.” He said, “congratulations, the country is doing really well.” And I got that to mean that I think he’s going to start recommending lower rates.

Of course, this is something that President Trump has been pressuring Powell to do for quite awhile now.

Just yesterday, he did this:

President Trump to Fed Chairman Jerome Powell:

"I'd love him to lower interest rates."

*Pats on the back*

What a wild moment. We'll never have another one quite like him. pic.twitter.com/Psw32Hzo6T

— Charlie Kirk (@charliekirk11) July 24, 2025

Gotta love President Trump’s strong encouragement!

But, up until now, Powell has refused.

CNBC noted:

Powell and his fellow policymakers have been reluctant to lower rates as they wait to see the impact Trump’s tariffs have on inflation. In fact, one argument Powell has made against cutting is that the economy is strong enough that it can withstand higher rates as officials watch how the data evolves.

If President Trump is right and Powell does, indeed, start slashing interest rates, then this will give our economy a major boost.

We will know if it happens next week, during the FOMC meeting on July 29-30.