11/18, 4:40 PM (Source: TeleTrader)
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Fed's Powell discusses economy with Trump, Mnuchin

Federal Reserve Chairman Jerome Powell met with United States President Donald Trump and Treasury Secretary Steven Mnuchin earlier on Monday to discuss the state of the economy, the central bank revealed in a statement.

The conversation did not touch on the monetary policy specifics, however, Powell did underline that Fed's policy will be entirely data-dependent and aim to support maximum employment and stable prices. Fed will make decisions based "solely on careful, objective and non-political analysis," the central bank chief stressed in the discussions.

Other remarks Powell made in the meeting did not deviate from the ones made in Congress last week, according to the statement.

Breaking the News / NI