๐๏ธ Powell Meets Trump at the White House: Markets on Edge
- Federal Reserve Chair Jerome Powell met with President Donald Trump today at the White House to discuss key economic issues, including growth, employment, and inflation. The meeting, held at Trump's invitation, did not include any discussion of future monetary policy decisions. Powell emphasized that policy directions would be based solely on incoming economic data and objective analysis.
- This meeting comes amid ongoing tensions between the two, as President Trump has publicly criticized Powell for not reducing interest rates quickly enough and has previously hinted at removing him from his position. Despite these criticisms, Trump has recently stated he has no plans to fire Powell.
- The Federal Reserve reiterated its commitment to setting policies aimed at maximizing employment and maintaining stable prices, based on a non-political approach.
โ ๏ธ Trade Safe
- With the Fed's commitment to data-driven decisions and the ongoing political discourse, markets may experience increased volatility. Traders should stay informed and exercise caution in their strategies
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