April 25, 2024

Copy-paste | Trump and Powell discuss everything - except cryptocurrencies

US President Donald Trump met with Federal Reserve Chairman Jerome Powell last night. He declared,that during the conversation "all possible" topics were discussed. However, cryptocurrencies were again excluded from the agenda.

Later on her Trump Twitter accountcommented on this unplanned meeting at the White House. He stated that he had discussed various topics with Powell, including “interest rates, negative rates, low inflation, easing policies, strengthening the dollar and its impact on manufacturing, trade with China, the EU, and much more.”

Copy-paste | Trump and Powell discussed everything – except cryptocurrencies
Donald J. Trump  ✔@realDonaldTrump

Just finished a very good & cordial meetingat the White House with Jay Powell of the Federal Reserve. Everything was discussed including interest rates, negative interest, low inflation, easing, Dollar strength & its effect on manufacturing, trade with China, E.U. & others, etc.

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As reported by The Street, based on the resultsmeeting, the Federal Reserve also released a statement. The regulator noted that all of Powell's statements were fully consistent with his comments made last week during congressional hearings.

So, Fed head Powell promised that he and hisFOMC colleagues will implement a monetary policy aimed at supporting maximum employment and stable prices. He also emphasized that all decisions will be made solely on the basis of thoughtful, objective and political analysis-independent analysis.

It is noteworthy that during the meeting the partiesdiscussed China, which recently made a lot of noise by suddenly embarking on the “blockchainization” of the real economy. Let us recall that at the end of October, Chinese President Xi Jinping made a policy statement on the topic of blockchain. He officially announced the start of a campaign for the mass adoption of new technologies in all spheres of life. In addition, the Central Bank of China has long been actively working on launching its own digital currency, which should become an alternative to dollar hegemony.

Continued on the website: https://beincrypto.ru/tramp-i-pauell-obsudili-vse-krome-kriptovalyut/