So, picture this: U.S. Federal Reserve Chair Jerome Powell, looking all serious and important, meets with President Donald Trump. Why? Because the White House decided to throw some shade at the Fed’s monetary policy choices. Classic drama, right? 🎭
But hold your horses! The Fed, in a statement that could rival a Shakespearean monologue, declared that Powell didn’t even whisper about interest rate expectations during their tête-à-tête. I mean, what’s the point of a meeting if you can’t gossip about rates? 🙄
“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,” they said, as if that’s the juiciest gossip in town.
“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,” which sounds suspiciously like a politician’s way of saying, “I’m not telling you anything!” 🤫
Finally, Chair Powell insisted that he and his colleagues on the Federal Open Market Committee (FOMC) will set monetary policy, as required by law, to support maximum employment and stable prices, based solely on careful, objective, and non-political analysis.” Right, because we all know how non-political the Fed is! 😂
Meanwhile, Trump has been on a roll, criticizing Powell for not slashing interest rates. He even said that talking to Powell is “like talking to a wall.” Ouch! 😬
“The Bank of England cut. China cut. Everybody’s cutting but him. I don’t know, we’ll see what happens. It’s a shame. I call him ‘Too Late.’ Too Late Powell, that’s his nickname. And it’s a shame, it’s ridiculous… he’s always too late. But in this case, it’s not going to matter that much because our country is so strong, we’re so powerful in terms of economic strength and what we’ve done.” Well, at least he’s optimistic, right? 😅
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2025-05-30 10:06