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Trump meets Powell to talk about economics on the eve of the Union state



President Donald Trump invited the Federal Reserve Mayor Jerome Powell and Deputy Richard Clarida to dinner tonight, signaling the administration's focus on the economy ahead of its address to the nation Tuesday night.

<p class = "canvas TOMMM has a wealth of financial information for its scheduled time Union state, where it is already expected to have a strong economy and which released blowout job gains for January ." data-response time = "23"> In the face of top Fed officials, Trump has plenty of financial information for his planned Union, where he is already expected to boast a strong economy – who posted Blowout's job gains for January.

According to a press release from the Federal Reserve, Trump Powell and Clarida invited the White House for an "informal" dinner to talk about the latest economic developments and prospects for growth, employment and inflation. US Treasury Secretary Steven Mnuchin was also present.

Fed says that Powell's comments were in line with what he said in the January meeting, where the central bank kept the prices stable and signaled that it would pause

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" A facial-to-face meeting between Powell and Trump had been discussed a few weeks ago when the president criticized Fed's gradual path for interest rate increases on Twitter In early January, Trump regretted that "economic figures" would have looked better if the Fed had kept prices low . "data-reactid =" 26 "> A meeting between Powell and Trump had been discussed a few weeks ago, when the president criticizes Fed's gradual path for interest rate hikes on Twitter. In early January, Trump regretted that "economic figures" would have been better if the Fed had kept prices low.

The President-Fed meeting was not a big issue

Powell never said he was closed to meet Trump, but was aware of the Fed independence optics in the face of Trump's tweets. On a number of occasions, he was asked about his relationship with Trump, and Powell always made a point of repeating Fed's independence.

As Powell has also pointed out, there is nothing unusual about a Fed meeting with the president. [19659007] "I can't think of any Fed chairs that didn't eventually meet the president," Powell said at a conference on January 4.

<p class = "canvas-textile-textile Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In the dinner of Monday, Fed said Powell had committed the central bank to his " data-dependent " Monetary policy strategy. The Fed's statement also gives a delicate greeting to Powell, making it clear that he wants to remain free from the influence of the White House and want to formulate his policy based on "cautious, objective and non-political analysis. Data Reaction = "31"> In the dinner release on Monday, the Fed said Powell had committed the central bank to its "data-depen dent" monetary policy strategy. The Fed Declaration also gives participating tips on Powell which makes it clear that he wants to remain free from the influence of the White House and will formulate his policies based on "cautious, objective and non-political analysis."

"[Powell] discuss his expectations of monetary policy, except to emphasize that the policy path will depend entirely on incoming financial information and what it means for the prospect," reads the Fed statement.

<p class = "canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Brian Cheung is a reporter covering the banking sector and crossing economy and politics for yahoo You can follow him on Twitter @ bcheungz . "data-reactid =" 33 "> Brian Cheung is a reporter covering the banking industry and the interface between finance and politics for Yahoo Finance. You can follow him on Twitter @ bcheungz .

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<p class = "canvas atomic text Mb (1.0em) Mb (0) – sm mt (0.8em) – sm" type = "P owell, Clarida insists that the Fed will be "patient" with monetary policy "data-response time =" 38 "> Powell, Clarida insists that the Fed will be" patient "with monetary policy

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