president Donald Trump He met Thursday with the President of the Federal Reserve Jerome Powell Amid the president, the central bank will be deceived for low interest rates.
The Federal Reserve confirmed in a statement that the meeting had occurred, stressing that the future path of monetary policy was not discussed.
“By inviting the president, President Powell met the President today at the White House to discuss economic developments, including growth, employment and inflation,” the statement said. “President Powell did not discuss his expectations for monetary policy, with the exception of emphasizing that the path of policy will depend entirely on the economic information received and what this means for expectations.”
Moreover, the edition indicated that Powell and his colleagues at the central bank are still committed to the status of monetary policy on “accurate, objective and non -political analysis.”
The meeting comes at a sensitive time for the American economy, as Trump drives potential inflationary tariffs and federal reserve studies in an attempt to balance its mandate to provide full employment and stable prices.
White House Secretary Caroline Levitte said, when asked about her daily meeting: “The president said he believed that the Federal Reserve Chairman is making a mistake by not lowering interest rates, which puts us in an economic situation in China and other countries, and the president was very frank about it, publicly and now I can reveal the private sector as well.”
Using the social media outlet, Trump has repeatedly called for the Federal Open Market Committee led by Powell to reduce interest rates. FOMC has not hidden since December, before Trump took office for his second unstable chapter.
“Almost everyone’s consensus is that the Federal Reserve should reduce prices sooner, not later. Trump’s publication On May 17.
This was the first meeting since Trump began his second term. At a press conference earlier this month, Powell confirmed that the two had not yet met, and said he would not take the first step of the presidential sitting.
“I have never asked for a meeting with any president, and I will never do it,” Powell said. “I will not do it. There is no reason for me to ask for a meeting. It has always been in the other direction.”
With uncertainty, the markets expect that the Federal Reserve will remain at the prices so that there is more clarity. The futures market pricing indicates that the central bank will not resume the cut until September at least, bypassing the meetings in June and July, with the possibility of another reduction before the end of the year. FOMC reduced full percentage point rates in the last part of 2024.
Federal Federal Reserve Statement:
By inviting the president, President Powell met the President today at the White House to discuss economic developments, including growth, employment and inflation.
President Powell did not discuss his expectations for monetary policy, with the exception of emphasizing that the path of policy will depend entirely on the economic information received and what this means for expectations.
Finally, President Powell said that he and his colleagues on FOMC will put monetary policy, as required by law, to support the maximum level of prices and stable prices and will take these existing decisions only on precise, objective and non -political analysis.
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