The Federal Reserve Releases Statement on Powell's Meeting with Trump

BlockBeats News, May 30th, according to an official announcement from the Federal Reserve, Federal Reserve Chairman Powell met with President Trump at the White House today at the President's invitation to discuss economic development issues, including economic growth, employment, and inflation.

Chairman Powell did not provide specific expectations regarding the future of monetary policy, emphasizing that the policy path will be entirely dependent on future economic data and its impact on the economic outlook.

Finally, Powell stated 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. All decisions will be based on prudent, objective, and non-political analysis.