Powell meets with Trump to discuss economic development
According to online reports, according to an official announcement from the Federal Reserve, at the invitation of the President of the United States, Federal Reserve Chairman Powell met with Trump at the White House today to discuss issues related to economic development, including economic growth, employment and inflation. Chairman Powell did not express specific expectations on the outlook for monetary policy, only emphasizing that the policy path will completely depend on future economic data and its impact on the economic outlook. Finally, Powell said that he and his colleagues at the Federal Open Market Committee (FOMC) will formulate monetary policy in accordance with the law to support maximum employment and price stability, and all decisions will be based on prudent, objective and politically unaffected analysis.
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