Feb 5, 2019

Fed says chair Jerome Powell had dinner with Trump

Photo by Drew Angerer/Getty Images

Federal Reserve Chair Jerome Powell had an "informal dinner" with President Trump, Treasury Secretary Steven Mnuchin and Fed Vice Chair Richard Clarida on Monday night to discuss "recent economic developments and the outlook for growth, employment and inflation," according to a statement released by the Fed.

Why it matters: Meetings between Fed chairs and presidents are not unheard of, but Powell has faced unprecedented criticism from Trump about the Fed's interest rate hikes.

  • The Fed dialed back expectations for future rate hikes at last week's policy meeting, though Powell reiterated the Fed's political independence.
  • According to the Fed's statement, Powell did not talk about future monetary policy plans at the dinner, "except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook."

Go deeper

Tanker truck appears to plow into Minneapolis protesters

A tanker truck appears to have driven toward thousands of protesters during a demonstration in Minneapolis, video from the scene shows.

Details: Minnesota Department of Public Safety tweeted, "Very disturbing actions by a truck driver on I-35W, inciting a crowd of peaceful demonstrators. The truck driver was injured & taken to a hospital with non-life threatening injuries. He is under arrest. It doesn’t appear any protesters were hit by the truck."

  • The incident happened as protesters gathered at the Interstate 35W Bridge across the Mississippi River just before 6 p.m. on Sunday, per CBS Minnesota.
  • Gov. Tim Walz had "ordered highways and interstates to start closing at 5 p.m.," according to the Star Tribune.

Editor's note: This is a developing news story. Please check back for updates.

Inside Trump's antifa tweet

President Trump at Cape Canaveral on May 30. Photo: Paul Hennessy/SOPA Images/LightRocket via Getty Images

As recently as Saturday night, senior administration officials told me that the designation of a violent cohort of far-left activists, antifa, as a terrorist organization was not being seriously discussed at the White House. But that was Saturday.

Behind the scenes: The situation changed dramatically a few hours later, after prominent conservative allies of the president, such as his friend media commentator Dan Bongino, publicly urged a tough response against people associated with antifa (short for "anti-fascist").

U.S. enters 6th day of nationwide protests over George Floyd's killing

A protest in Philadelphia on May 31. Photo: Mark Makela/Getty Images

Protests continued across the country for the sixth day in a row on Sunday, as demonstrators called for justice in response to the deaths of George Floyd, EMT Breonna Taylor, jogger Ahmaud Arbery and countless other black Americans who have suffered at the hands of racism and police brutality.

What's happening: Protestors in D.C. broke one police barricade outside the White House on Sunday evening after reportedly demonstrating for several hours. The atmosphere was still largely peaceful as of 6pm ET.