The president has repeatedly berated Powell for not cutting rates as he desires. The two men met face-to-face for the first time last week.

(Reuters) -The U.S. Federal Reserve should cut interest rates by a full percentage point, President Donald Trump said on Friday as he reiterated his view that Fed Chair Jerome Powell has been too slow to lower borrowing costs.

And most recently, the director of the Federal Housing Finance Agency joined the chorus, urging the Fed to resume rate cuts. But despite growing political pressure, don’t expect Powell or the central bank to act anytime soon,