Trump and Powell's Unexpected Truce on Interest Rates

President Donald Trump indicated a positive shift in his relationship with Federal Reserve Chair Jerome Powell following their meeting on Friday, suggesting a readiness from Powell to consider lowering interest rates.

The encounter marks a significant departure from Trump's earlier criticisms, including a recent verbal jab labeling Powell a 'numbskull' for not bowing to demands for reduced borrowing costs.

Despite ongoing tensions, Trump noted he had no plans to fire Powell, highlighting an unexpected moment of conciliation between the presidency and the U.S. central bank.

(With inputs from agencies.)