MNI: Fed Statement on Chairman Powell's Meeting with Trump

     WASHINGTON (MNI) - The following is the text of a statement released by the

Federal Reserve Monday following a dinner meeting between President Trump,

Treasury Secretary Mnuchin, Fed Chairman Powell and Vice Chair Clarida:

     At the President's invitation, Chair Powell and Vice Chair Clarida joined

the President and the Treasury Secretary for an informal dinner tonight in the

White House residence, to discuss recent economic developments and the outlook

for growth, employment and inflation.

     Chair Powell's comments in this setting were consistent with his remarks at

his press conference of last week. He 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 in order to support maximum employment and stable prices and

will make those decisions based solely on careful, objective and non-political

analysis.

--MNI Washington Bureau; tel: +1 202-371-2121; email: kevin.kastner@marketnews.com

[TOPICS: MMUFE$,M$U$$$]