President Donald Trump said that he "protested" U.S. interest rates that he considers too high relative to other developed countries in a meeting on Monday with Federal Reserve Chairman Jerome Powell.

Powell met with Trump and Treasury Secretary Steven Mnuchin at the White House residence in the morning at the president's request to discuss the economy. It was the second face-to-face encounter this year between Trump and Powell amid the president's relentless criticism of the U.S. central bank.

At my meeting with Jay Powell this morning, I protested fact that our Fed Rate is set too high relative to the interest rates of other competitor countries. In fact, our rates should be lower than all others (we are the U.S.). Too strong a Dollar hurting manufacturers & growth!

— Donald J. Trump (@realDonaldTrump) November 19, 2019

Powell's comments "were consistent with his remarks at his congressional hearings last week," the Fed said in a statement released after the meeting, pointing out that the gathering was at the president's invitation.