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REPEAT: MNI:Fed Statement on Chair Powell's Meeting with Trump

Repeats Story Initially Transmitted at 01:36 GMT Feb 5/20:36 EST Feb 4
     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

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