Federal Reserve Chairman Jerome Powell met President Trump at the White House on Thursday to discuss economic growth and other goals, the central bank He said In a statement.
The meeting, which was held in the invitation of Mr. Trump, comes after the president I pressed over and over again Mr. Powell to reduce the interest rate of the standard. Mr. Trump earlier this month Mr. Powell called a “fool” To behave “it is too late” in reducing rates.
According to the statement, Powell, the President, told the meeting that the Federal Reserve will make its decisions based on “accurate, objective and non -political analysis.” The Federal Reserve said he had not discussed the measures he expected to take.
However, the Federal Reserve Chair indicates that “the policy track will depend entirely on the economic information received and what this means for expectations,” the central bank added.
He also emphasized that monetary policy will support the “maximum employment and stable prices”, in reference to the double federal reserve of maintaining unemployment and inflation low.
At a press conference earlier this month, Powell confirmed that he did not ask for a meeting with an American president, and he will never do so.
“I will not do it,” he said. “There is no reason for me to request a meeting; it was always in the other direction.” Powell said at the time, Mr. Trump did not ask to meet.
This meeting comes as continuous definition decisions, business and investment decisions. On Wednesday, an American commercial court ruled Mr. Trump’s tariff is widely illegal. However, the president is expected to continue to pay customs duties, which already has an inflationary effect, as retailers raise consumer prices to compensate for the added costs they face.
Mr. Trump has repeatedly called Powell to reduce interest rates, even threatened to remove him from his post, and to write in a post on social media on April 17, Powell.The termination cannot come quickly enough“
Powell Powell, the historical political independence of the Federal Reserve, has already confirmed, noting that the central bank’s mission is to make decisions based on economic data without looking at the opinions of the elected officials.
