The American Federal Reserve chairman Jerome Powell met President Donald Trump after the Widths of the White House against the monetary policy choices of the Fed.
However, the FED was noted in a statement after the meeting that Powell did not discuss the expectations of the interest rate at the president.
“During the president’s invitation, chairman Powell met the president today at the White House to discuss economic developments, including for growth, employment and inflation.
Chairman Powell did not discuss his expectations for monetary policy, except to emphasize that the path of policy will depend entirely on incoming economic information and what that means for the prospects.
Finally, chairman Powell said he and his colleagues on the Federal Open Market Committee (FOMC) will set the monetary policy, as required by law, to support maximum employment and stable prices and will only take these decisions based on careful, objective and non-political analysis. “
Trump has repeatedly criticized Powell because he did not lower the interest rates, and said earlier this month that communicating with the FED chair is ‘like talking to a wall’.
“The Bank of England has cut. China cuts. Everyone cuts him. I don’t know, we’ll see what’s happening. It’s a shame. I call him ‘too late’. Too late Powell, that’s his nickname. And it’s a shame, it’s ridiculous … he’s always too late.
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