The president met with Federal Reserve Chair Jerome H. Powell for the first time this term, after publicly pressuring him last month to slash interest rates.

Federal Reserve Chair Jerome Powell, in a Princeton speech, defends the central bank’s response to the COVID-19 crisis and praises government workers and U.S. universities, both targets of Trump.

Federal Reserve Chair Jerome H. Powell met with President Donald Trump at the White House on Thursday to discuss the state of the U.S. economy, according to a Fed statement. It was Powell's first one-on-one with Trump since the president's initial term in the White House.

In an internal memo to staff on Friday, the central bank’s chair, Jerome H. Powell, said it would offer a voluntary deferred resignation program.