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The Federal Reserve (FED) issues statement on Powell's meeting with Trump
On May 30, according to an official announcement from The Federal Reserve (FED), at the invitation of the President of the United States, FED Chairman Powell met with Trump today at the White House to discuss issues related to economic development, including economic growth, employment, and inflation. Chairman Powell did not provide specific expectations regarding the outlook for monetary policy, but emphasized that the policy path will completely depend on future economic data and its impact on the economic outlook. Finally, Powell stated that he and his colleagues on 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 non-political analysis.