President Donald Trump said on Friday that a meeting he held a day earlier with Federal Reserve Chair Jerome Powell left him with the impression that Powell is “ready to start recommending lower rates.” Trump told reporters the discussion was “very good” and repeated that Powell had described the U.S. economy as performing well. Separate reports from CNN and other outlets said Powell has told associates he has no intention of resigning and plans to complete the remainder of his term, which runs through May 2026, despite persistent White House pressure for immediate policy easing. The Federal Open Market Committee convenes next week and is widely expected to leave the target range for the federal-funds rate at 4.25%–4.50%, while investors look for any signals on the timing of a potential cut later in the year. Trump’s latest comments mark a shift in tone after months of public criticism in which he called Powell slow to act on rates. The two met while touring the Fed’s roughly $2.5 billion headquarters renovation in Washington. Trump said he does not intend to fire the Fed chair and referred to Powell as “a very good man,” even as he continues to press the central bank for looser policy.