The president apparently failed in an attempt to persuade Fed Chair Jerome Powell to change its monetary policy. The president has often demanded that the nation's central bank ease its monetary restrictions so the economy can grow faster, but the Fed has just as consistently refused to listen to the president's demands.
At the White House Monday, called by the president, Powell met with the president and Treasury Secretary Steven Mnuchin to "to discuss the economy, growth, employment and inflation," according to a Fed statement.
But the statement added that Powell "did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming information."
Moreover, Powell pointed out that the Fed will make its decisions "solely on careful, objective and non-political analysis."
No word yet on what the president and his Treasury chief asked of the Fed chair.
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