Trump Claims to Have Spoken Briefly with Biden Only Once Since Inauguration, Denies Frequent Communication

August 11th - U.S. President Trump said on Monday that he has only had one "brief" conversation with Federal Reserve Chairman Powell since Powell took office, denying the claim that the two have been in frequent communication. White House National Economic Council Director Kudlow said last week that they "often discuss economic issues," but other sources say their conversations are not regular and not frequent.

Earlier reports had suggested that since Powell was confirmed as Fed Chair in May, Trump has had multiple communications with him, asking for Powell's economic outlook and views. Trump has reiterated his desire for lower interest rates but stated that he "fully supports" Powell and emphasized that Fed policy is collectively decided by the Board of Governors. (FXStreet)