Fed's Powell met with Trump at White House today | Forex Factory

  • Fed's Powell met with Trump at White House today

Added at 11:48am

Added at 11:49am

  • Statement on Chair Powell's meeting with the President

    From federalreserve.gov

    At the President's invitation, Chair Powell met with the President today at the White House to discuss economic developments including for growth, employment, and inflation. Chair Powell did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook. Finally, Chair Powell said that he and his colleagues on the FOMC will set monetary policy, as required by law, to support maximum employment and stable prices and will make those decisions based solely on careful, objective, and non-political ... (full story)

Added at 11:49am

Added at 11:50am

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Vancarbon
May 29, 2025 11:52am
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Of course they didn’t discuss monetary policy .

Probably talked about the weather
Reply
ffghost
May 29, 2025 12:24pm
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Quoting Vancarbon
Of course they didn’t discuss monetary policy . Probably talked about the weather
Nope, couldn't have been THAT. After all, Powell has stated multiple times that " We discussed it previously but global warming is not part of the FED's purview. We will continue to focus on our dual mandate to...."

Must have been something else....like tie color: if Powell comes to the June conference wearing a tie that says "TRUMP" in big gold letters along with a MAGA hat, we can all hit the SELL button and go on vacation for a few days
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Vancarbon
May 29, 2025 1:48pm
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Quoting ffghost
{quote} Per the latest FF news blurb... *Walter Bloomberg @DeItaone · Follow WHITE HOUSE SAYS TRUMP TOLD FED CHAIR IT IS A MISTAKE NOT LOWERING INTEREST RATES Yeah, that's "did not discuss expectations for monetary policy"? Another example of why nothing can be trusted (and yet people have to trade on what is in front of them....until it is replaced with something else....that is also untrustworthy.

It was probably a monologue rather than dialogue , so technically correct .

Powell was eating , so couldn’t comment .
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Vancarbon
May 29, 2025 12:18pm
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Quoting Trader#BE05
{quote} USA stock market bullish, dollar bearish for now. Attracting more investors. USA #1 GDP and #1 military. USA is here to stay and are the #1 power in the world. You can relax now, and sleep better. Don't upset over something that you can't control and something that is way above your pay grade.
Maybe your pay grade as well , after that analysis

You’ve been banned so many times , like a wart you keep coming back . lol
Reply
OutThere
May 29, 2025 10:23pm
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Everyone should let Trump define things for them.
Inserted Video
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Vancarbon
May 29, 2025 12:27pm
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“POWELL STRESSED POLICY PATH DEPENDS ON TACOS OUTLOOK “

Maybe Powell took his own hot sauce .
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Vancarbon
May 29, 2025 12:33pm
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Quoting ffghost
{quote} Nope, couldn't have been THAT. After all, Powell has stated multiple times that " We discussed it previously but global warming is not part of the FED's purview. We will continue to focus on our dual mandate to...." Must have been something else....like tie color: if Powell comes to the June conference wearing a tie that says "TRUMP" in big gold letters along with a MAGA hat, we can all hit the SELL button and go on vacation for a few days
….or he’s eating some spicy Mexican food might be a clue .

I’ll make a note .

Reminder to self : Powell talking Spanish and wearing a sombrero- clue

Opening remarks- Hola Gringos - major clue .
Reply
ffghost
May 29, 2025 1:40pm
Permalink
Quoting Vancarbon
Of course they didn’t discuss monetary policy . Probably talked about the weather

Per the latest FF news blurb...



*Walter Bloomberg
@DeItaone
·
Follow
WHITE HOUSE SAYS TRUMP TOLD FED CHAIR IT IS A MISTAKE NOT LOWERING INTEREST RATES



Yeah, that's "did not discuss expectations for monetary policy"? Another example of why nothing can be trusted (and yet people have to trade on what is in front of them....until it is replaced with something else....that is also untrustworthy.
Reply
ffghost
May 29, 2025 2:03pm
Permalink
Quoting Vancarbon
{quote} It was probably a monologue rather than dialogue , so technically correct . Powell was eating , so couldn’t comment .
Haha.


I misread the OP: "Chair Powell did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook"

On second read, that doesn't mean Trump didn't tell Powell how he (Trump) feels, but that Powell didn't discuss HIS (Powell's) expectations. Makes sense.
Reply
Horiyomy
May 29, 2025 12:10pm
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Quoting Trader#F870
Trump: "So, how soon can you cut them rates?" Powell: "We have a meeting now in June." Trump: "Make sure them rates are cut in June then." Powell: "Depends on the data" Trump: "I'll fix the data, you cut rates." Powell: "Ok."
Smile....
Reply
Trader#F870
May 29, 2025 12:03pm
Permalink
Trump: "So, how soon can you cut them rates?"
Powell: "We have a meeting now in June."
Trump: "Make sure them rates are cut in June then."
Powell: "Depends on the data"
Trump: "I'll fix the data, you cut rates."
Powell: "Ok."
Reply
Jr123
May 29, 2025 12:56pm
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Quoting Vancarbon
Of course they didn’t discuss monetary policy . Probably talked about the weather
He started to talk about monetary policy but Trump fell asleep.
Reply
Ko.capital
May 29, 2025 11:30pm
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Guess who is going to talk to the wall
Reply
Trader#9B00
May 29, 2025 12:21pm
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Powell- TACO
Trump- Ive never heard that.
Reply
Trader#BE05
May 29, 2025 11:57am
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Quoting Vancarbon
Of course they didn’t discuss monetary policy . Probably talked about the weather
USA stock market bullish, dollar bearish for now. Attracting more investors. USA #1 GDP and #1 military. USA is here to stay and are the #1 power in the world. You can relax now, and sleep better. Don't upset over something that you can't control and something that is way above your pay grade.
Reply
Trader#399C
May 29, 2025 12:38pm
Permalink
Trump: Have I told you that Im the greatest man ever at making deals?
Powell: Seems you have made around less than 10 out of 100s possible, and now the courts have blocked you!!
Trump : This meeting is OVER !!
Reply
Trader#BE05
May 29, 2025 12:53pm
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Quoting Vancarbon
{quote} Maybe your pay grade as well , after that analysis You’ve been banned so many times , like a wart you keep coming back . lol
Banned? I do not have an account on FF.
Reply
Ro-
May 29, 2025 6:11pm
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Can't have rate cuts AND tarriffs.. lol
Reply
Trader#BE05
May 29, 2025 3:40pm
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Quoting Vancarbon
{quote} It was probably a monologue rather than dialogue , so technically correct . Powell was eating , so couldn’t comment .
Trump is the president. Get over it.
Reply
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