Sunday, July 5, 2020

White House: Donald Trump and Jerome Powell meet to discuss economy

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Robert Frank
Robert Frank
Robert started his career as a freelance content writer. Now, He is the founder of widely-recognized PR Agency. Robert still writes news pieces on various publications.

President Donald Trump and Reserve Chairman Jerome Powell met at the White House Monday morning to discuss “economic growth, employment and inflation”, the Federal Reserve department said in a statement.

The meeting was attended by Treasury Secretary Steven Mnuchin.

The Fed said Jerome Powell “did not discuss his monetary policy outlook,” but said the Fed’s decisions would be based on information on the economy and the central bank would act “solely on a careful, objective and non-political analysis”.

“Just finished a very good & cordial meeting at the White House with Jerome Powell of the Federal Reserve. Everything was discussed including interest rates, negative interest, low inflation, easing, Dollar strength & its effect on manufacturing, trade with China, E.U. & others, etc.,” Trump tweeted.

Read also: Trump: As usual Powell has “failed” us on interest rates

Robert Frank
Robert Frank
Robert started his career as a freelance content writer. Now, He is the founder of widely-recognized PR Agency. Robert still writes news pieces on various publications.

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