President Trump talks with FRB Chairman Monetary policy over money policy November 19 5:41
President Trump of the United States met with Mr. Powell of the FRB = Federal Reserve Board, and showed an attitude for further monetary easing such as negative interest rates. On the other hand, Chair Powell argued that monetary policy was determined independently of political judgment, and the two sides became stubborn.
President Trump met with FRB Chairman Powell at the White House on the 18th.
After the meeting, President Trump posted to Twitter that “It was a very good discussion. We discussed all about negative interest rates, monetary easing, and trade issues,” and showed his attitude to further monetary easing such as negative interest rates.
On the other hand, the FRB has issued a statement, and President Powell has discussed the economic situation at the meeting, and with regard to monetary policy, “it will be decided only based on objective and non-political analysis” Argues that he claimed to make a decision regardless.
Concerning US monetary policy, President Powell suspends the three consecutive rate cuts, while President Trump is often urged to cut interest rates in order to expand the strong economy that he emphasizes as his achievements. Suggest a policy.
While Presidents of the United States have respected the independence of the FRB, President Powell has become more concerned about President Trump's attitude that he is willing to do de facto intervention. It was.