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

On May 30th, as per an official pronouncement from the Federal Reserve, at the invitation of the U.S. President, the Federal Reserve Chair Powell met with Trump at the White House on this day to deliberate on matters concerning economic development, encompassing economic growth, employment, and inflation.

Chair Powell did not offer specific anticipations regarding the outlook for monetary policy. He merely emphasized that the policy trajectory would be entirely contingent upon future economic data and its influence on the economic outlook.

Ultimately, Powell stated that he and his colleagues at the Federal Open Market Committee (FOMC) would formulate monetary policy in accordance with the law to support maximum employment and price stability. All decisions would be based on prudent, objective, and non-political analyses.