Jun 7, 2019

Fed chair Powell spoke to Trump in April, calendar shows

Trump walks with Fed chairman Jerome Powell in 2017. Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump and Federal Reserve chairman Jerome Powell spoke on the phone on for 5 minutes on April 11, according to Powell's calendar released by the Fed, just days after Trump echoed other administration officials in publicly calling on the central bank to cut interest rates.

The big picture: It's not unusual for a president to communicate with the Fed chair, but Trump's continued needling to cut interest rates and departure from the presidential norm of respecting the Fed's political independence makes the dynamic between the two men unusual.

  • Trump and Powell also had dinner in February and spoke in March, the WSJ points out.
  • Powell, who spent more time in his first year as Fed chair meeting with members of Congress than his predecessor, had 7 meetings with lawmakers in the month of April alone.

Go deeper

The biggest crisis since 1968

Illustration: Aïda Amer/Axios. Photo: Bettmann/Contributor

The year 1968 has been on a lot of people’s minds lately — another year of protests, violence and upheaval that seemed to be tearing the nation apart.

Yes, but: This crisis also has moments we’ve never seen before — and some historians and experts say the differences suggest that 2020 doesn't compare well at all.

Coronavirus hospitalizations keep falling

Data: COVID Tracking Project, Harvard Global Health Institute; Note: Alabama, Florida, Hawaii, Idaho, Kansas, Nebraska, Tennessee and Puerto Rico have not reported hospitalizations consistently. Chart: Andrew Witherspoon/Axios

The number of people hospitalized with COVID-19 continues to decline, particularly in New York and other northeastern states that were among the hardest hit by the virus.

Yes, but: Some states are still recording stagnant or rising amounts of hospitalizations.

Updates: George Floyd protests continue past curfews

Protesters on Tuesday evening by the metal fence recently erected outside the White House. Photo: Olivier Douliery/AFP via Getty Images

Largely peaceful protests over the death of George Floyd and other police-related killings of black people continued Tuesday night across the U.S. for the eighth consecutive day.

The latest: Protesters were out en masse after curfews were in force in areas including Washington, D.C., New York City, Los Angeles and Portland — one of the cities where there was a late-night flash-point between police and protesters.