Lates News

At the invitation of the President of the United States, Federal Reserve Chairman Powell met with the President at the White House today to discuss economic growth, employment, and inflation. Powell did not discuss his expectations for monetary policy, but emphasized that the policy path would depend entirely on upcoming economic data and its implications for the outlook. Finally, Powell stated that he and his colleagues at the Federal Open Market Committee would formulate monetary policy in accordance with legal requirements to support maximum employment and stable prices, and that these decisions would be made based on careful, objective, and non-political analysis.