The Federal Reserve Board said Chair Jerome Powell met the President at the White House to discuss economic developments, including growth, employment and inflation, and stressed that he did not discuss his monetary policy expectations beyond noting that the policy path will depend entirely on incoming economic information and the outlook, with Federal Open Market Committee (FOMC) decisions made under the legal mandate to support maximum employment and stable prices based solely on careful, objective and non-political analysis.
Federal Reserve Board 2025-05-29
Federal Reserve Board Chair Powell meets the President and reiterates data-dependent non-political monetary policy setting
Federal Reserve Board Chair Jerome Powell met with the President at the White House to discuss economic developments, emphasizing that monetary policy expectations were not discussed. Powell noted that the policy path will depend on incoming economic data, with FOMC decisions guided by the mandate to support maximum employment and stable prices through objective analysis.