The Federal Reserve releases statement on Powell Trump meeting

BlockBeats News: On May 30th, according to the official announcement of the Federal Reserve, at the invitation of the President of the United States, Federal Reserve Chairman Powell met with Trump at the White House today to discuss issues related to economic development, including economic growth, employment, and inflation. Chairman Powell did not provide specific expectations for the outlook of monetary policy, only emphasizing that the policy path will depend entirely on future economic data and its impact on the economic outlook. Finally, Powell stated that he and his colleagues on the Federal Open Market Committee (FOMC) will formulate monetary policy in accordance with the law to support maximum employment and price stability, and all decisions will be based on prudent, objective, and politically independent analysis.