Federal Reserve Chair Jerome Powell mentioned how the central banks coverage framework might regulate to extra unstable inflation and extra frequent provide shocks. (Credit score: Bloomberg)
Federal Reserve Chair Jerome Powell on Thursday met with President Donald Trump on the White Home for the primary time within the president’s second time period.
“At the President’s invitation, Chair Powell met with the President today at the White House to discuss economic developments including for growth, employment and inflation,” the Fed mentioned in a press release.
“Chair Powell did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook,” the central financial institution’s assertion continued.
“Finally, Chair Powell said that he and his colleagues on the FOMC will set monetary policy, as required by law, to support maximum employment and stable prices and will make those decisions based solely on careful, objective, and non-political analysis.”
