12:53 PM EDT, 05/29/2025 (MT Newswires) -- The Federal Reserve issued the following statement on Fed Chair Jerome Powell's meeting Thursday with President Donald Trump, where Powell said that monetary policy decisions will be based on incoming information and on "non-political analysis:"

"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 analysis."