Trump spoke on phone to Powell as White House pressed for Fed rate cut

President Donald Trump spoke with Federal Reserve Chairman Jerome Powell by phone on April 11, according to a disclosure by the central bank on Friday.

Trump has been a vocal critic of the Fed’s decision to raise interest rates last year and beginning in March, the White House called on the central bank to cut its short-term benchmark rate, currently in a range between 2.25% and 2.5%.

Powell’s public calendar shows the two men spoke for around five minutes at 9 p.m. The call occurred while Powell was in Leesburg, Va., to address House Democrats at their annual retreat.

An expanded version of this story is available at WSJ.com^[1]

Also at WSJ.com

AT&T eyes $16-to-$17 monthly streaming service^[2]

The Baby Boomer vs. Millennial investment smackdown^[3]

Barnes & Noble near deal to be bought by hedge fund^[4] ...

References

1. ^{^} An expanded version of this story is available at WSJ.com (www.wsj.com)
2. ^{^} AT&T eyes $16-to-$17 monthly streaming service (www.wsj.com)
3. ^{^} The Baby Boomer vs. Millennial investment smackdown (www.wsj.com)
4. ^{^} Barnes & Noble near deal to be bought by hedge fund (www.wsj.com)