President Donald Trump says that he believes that Federal Reserve Chairman Jerome Powell may finally decide, in the near future, to lower interest rates. 

This comes, according to Breitbart News, after Trump recently met with Powell.

The media caught the attention of the public, as it came after Trump had spent months blasting Powell for refusing to lower interest rates and after numerous reports that Trump was on the verge of firing Powell.

🚨 LMAO! A reporter just asked Trump at the Federal Reserve: "As a real estate developer, what would you do with the project manager with the over budget?"

TRUMP: "I'D FIRE HIM!"

Powell looks SUPER uncomfortable 🤣 pic.twitter.com/ROwXKatq2E

— Nick Sortor (@nicksortor) July 24, 2025

The latest

Trump expressed his opinion that Powell may soon lower interest rates on Friday, when he spoke with reporters before leaving for Scotland.

"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," Trump said.

He added, "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."

This is a clear change in the rhetoric that Trump has publicly been using with regard to Powell.

The big question is whether Trump is finally going to get his wish.

Background

Trump met with Powell on Thursday. The president actually paid a visit to the Federal Reserve building in Washington, D.C.

The Daily Mail reports:

It marked a rare public appearance between Trump and a man he's consistently harangued for failing to follow his instructions to lower interest rates. The unlikely pair bickered lightly - wearing hardhats and before cameras - about the massive $2.5 billion project to renovate the Fed building.

A reporter asked Trump, "As a real estate developer, what would you do with a project manager who would be over budget?"

To this question, the president replied, "Generally speaking? What would I do? I’d fire him."

Trump was then asked, more pointedly, whether the overruns gave him "cause" to fire Powell. Trump chose not to answer the question. Instead, he replied:

Well, I’m here just really with the chairman. He’s showing us around, showing us the work, and so I don’t want to get that — I don’t want to be personal. I just would like to see it get finished.