The Federal Reserve in a statement today announced that Federal Open Market Committee (FOMC) Chairman Jerome Powell met with US President Donald Trump and Treasury Secretary Mnuchin on Monday morning to discuss the economy, employment and inflation. Following this statement, “Just finished a very good & cordial meeting at the White House with Jay Powell of the Federal Reserve,” Trump tweeted out. “Everything was discussed including interest rates, negative interest, low inflation, easing, Dollar strength & its effect on manufacturing, trade with China, E.U. & others, etc.” On the other hand, the Fed said Powell did not discuss expectations for monetary policy, except to stress the path of policy will depend entirely on incoming information that bears on the outlook for the economy and noted that Powell’s comments were consistent with remarks at congressional hearings last week. Trump’s comments seem to have put the greenback under bearish pressure against its rivals. As of writing, the US Dollar Index was down 0.27% on a daily basis at 97.75. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD Technical Analysis: Aussie holds above the 0.6800 handle FX Street 3 years The Federal Reserve in a statement today announced that Federal Open Market Committee (FOMC) Chairman Jerome Powell met with US President Donald Trump and Treasury Secretary Mnuchin on Monday morning to discuss the economy, employment and inflation. Following this statement, "Just finished a very good & cordial meeting at the White House with Jay Powell of the Federal Reserve," Trump tweeted out. "Everything was discussed including interest rates, negative interest, low inflation, easing, Dollar strength & its effect on manufacturing, trade with China, E.U. & others, etc." On the other hand, the Fed said Powell did not discuss expectations for… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
