Powell's statements after his meeting with Trump: What happened?
📍 Jerome Powell, the Chairman of the Federal Reserve, met with President Trump at the White House, and the meeting focused on three main issues:
Growth – Inflation – Employment
💬 However, Powell clarified a very important point:
"We did not discuss monetary policy or interest rates, and our decisions are based solely on the economic data that we receive."
In other words:
⬅️ The Fed is not following political directives
⬅️ Every decision is made based on the numbers, not opinions
📌 Powell also emphasized that any upcoming steps will be taken collectively with the other members of the Open Market Committee, and all of this is according to the law
To achieve two main goals:
1. Support the labor market
2. Maintain price stability
✅ In short:
Powell told Trump, "Listen, interest rate decisions and monetary policy are not political; they are numbers and reality, and they will not change unless the market itself changes." 🔍📉
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