Fed: Powell met with Trump at the White House, but did not discuss expectations for monetary policy

Odaily News The Fed said that at the invitation of the President of the United States, Powell met with the President at the White House today to discuss economic developments, including growth, employment, and inflation. Powell did not discuss his expectations for monetary policy, but emphasized that the policy path will depend entirely on incoming economic information and its significance for the outlook. Finally, Powell said that he and his colleagues on the Federal Open Market Committee will formulate monetary policy in accordance with legal requirements to support maximum employment and stable prices, and will make these decisions entirely based on careful, objective and non-political analysis. (Jinshi)