Critical Statement from the FED Following the Powell-Trump Meeting

Federal Reserve (FED) Chairman Jerome Powell and President Donald Trump held an important meeting at the White House. Following the meeting, the press release issued by the FED shed light on expectations regarding monetary policy and the decision-making process.

The FED's statement emphasized that Chairman Powell did not share his expectations regarding monetary policy during the meeting. Instead, Powell stated that the direction of monetary policy would be shaped solely by incoming economic data, and the effects of this data on the economic outlook would be carefully evaluated.

One of the most striking points of the statement was Powell's emphasis that he and the members of the Federal Open Market Committee (FOMC) would make decisions based only on careful, objective, and analysis free from political influences. Powell stressed that monetary policy would be determined with the aim of achieving maximum employment and price stability within the legal framework.

This statement serves as a response to the public and market uncertainties regarding the FED's independence in recent times. While Trump’s past criticisms of Powell regarding interest rate policies are known, the message published by the FED after this meeting once again demonstrates the institution's determination to operate independently of political pressures.

From the market's perspective, although the FED's statements do not provide a clear signal regarding interest rate policy in the short term, they confirm that economic data will continue to be decisive in the central bank's decisions. This implies that investors and economists will closely monitor economic indicators in the upcoming period.