Jerome Powell

Trump called the meeting "very good & cordial."

Consumers are driving the U.S. economy, Fed chair says.

In the U.S., the total labor force is expanding at a rate of roughly 0.5 percent, compared to about 2.5 percent in the 1960s.

Powell reiterated what he said during the Fed's two-day meeting in October: The current level on its benchmark interest rate will likely remain "appropriate."

Fed chairman will share his perspective two weeks after the bank cut interest rates for a third time this year.

"We are competing against these other countries, nonetheless, and the Federal Reserve doesn't let us play the game," Trump said.

The central bank said Wednesday it would cut interest rates for the third time this year.

Economists widely expected the Federal Reserve to cut interest rates by 25 basis points.

Although the U.S. central bank probably won’t fully close the door to further action, policymakers will likely put a “speed bump” in their official statement.

"The Fed doesn't have a clue," President Trump tweeted Tuesday.

Fed Chairman Jerome Powell has cited uncertainty from the U.S.-China trade war, muted inflation and a slowdown in global growth to justify previous cuts.

"The deep state board staff, of course, has not been helpful. Oops, did I say that?” Kudlow said on Thursday.

A recession could theoretically prompt the Fed to eventually send rates into negative territory.

Growth varied across all of the Fed’s 12 districts.

Policymakers voted to lower interest rates by a conservative 25 basis points last month.

Powell made the comments during a "Fed Listens" event in Kansas City.

Powell made the comments during a speech in Denver on Tuesday.

Those challenges include low growth, low inflation and low interest rates. 

Challenges to the economic expansion include low inflation, low employment and low interest rates, Powell said.

Challenges to the economic expansion include low inflation, low employment and low interest rates, Powell said.