On May 30th, COINOTAG reported that Federal Reserve Chair Jerome Powell convened with former President Donald Trump at the White House, following an invitation from the current President. The discussion centered on crucial economic issues, including employment, inflation, and strategies for economic growth. While Chair Powell refrained from outlining specific projections for monetary policy, he indicated that future decisions would rely heavily on forthcoming economic data and its implications for the overall financial landscape. He underscored the commitment of the Federal Open Market Committee (FOMC) to formulate policies aimed at achieving maximum employment and maintaining price stability. All monetary decisions will be made based on a careful, objective assessment devoid of political influence, reflecting the Fed’s dedication to a stable economic environment.
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