On Friday, at the invitation of President Donald Trump, Federal Reserve Chair Jerome Powell met with the President at the White House to discuss recent economic developments, including trends in growth, employment, and inflation.
The Meeting: According to a statement following the meeting, Powell did not offer any specific guidance on the future direction of monetary policy. Instead, he emphasized that policy decisions will be guided entirely by incoming economic data and its implications for the outlook.
- The statement also reaffirmed that Powell and his colleagues on the Federal Open Market Committee will continue to set policy, as mandated by law, to support maximum employment and stable prices—making decisions based solely on careful, objective, and non-political analysis.
Looking Ahead: Friday’s jobs report will give Powell and the FOMC their first look at the labor market after Trump’s tariff announcement.