U.S. President Donald Trump called Federal Reserve Chair Jerome Powell to the White House on May 29 for their first face-to-face meeting since he took office in January and told the central bank chief he was making a "mistake" by not lowering interest rates.

President Donald Trump’s tariffs would cut the federal deficit by $2.8 trillion over a 10-year period, according to an analysis released by the non-partisan Congressional Budget Office. This deficit cut is almost the same as the amount added to the deficit by the One,