IBM’s Ginni Rometty says she sees no change in CEO confidence since Powell’s last fed speech

CEO confidence has been flat since Federal Reserve Chairman Jerome Powell announced last month that the agency would be “patient” in determining future interest rate hikes, IBM’s Ginni Rometty told CNBC Tuesday. Markets began to swing up after Powell’s comments, but CEO sentiment has remained the same, said Rometty, who is also chair and president of IBM. Rometty also announced that IBM would open its Watson artificial intelligence service to all cloud platforms, not just IBM’s cloud. The move w


CEO confidence has been flat since Federal Reserve Chairman Jerome Powell announced last month that the agency would be “patient” in determining future interest rate hikes, IBM’s Ginni Rometty told CNBC Tuesday. Markets began to swing up after Powell’s comments, but CEO sentiment has remained the same, said Rometty, who is also chair and president of IBM. Rometty also announced that IBM would open its Watson artificial intelligence service to all cloud platforms, not just IBM’s cloud. The move w
IBM’s Ginni Rometty says she sees no change in CEO confidence since Powell’s last fed speech Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: tyler clifford
Keywords: news, cnbc, companies, rometty, change, powells, ibms, speech, ginni, street, watson, cloud, run, powell, sees, ceo, fed, providers, think, confidence, ibm, growth


IBM's Ginni Rometty says she sees no change in CEO confidence since Powell's last fed speech

CEO confidence has been flat since Federal Reserve Chairman Jerome Powell announced last month that the agency would be “patient” in determining future interest rate hikes, IBM’s Ginni Rometty told CNBC Tuesday.

“I think it’s been fairly steady and I hear from all of my colleagues that everyone is still planning … both ways” whether for “growth or efficiency,” Rometty said on “Squawk on the Street” during a sit down with CNBC’s Jon Fortt from the Think 2019 conference in San Francisco.

Many investors have been uncertain about the prospects of the markets this year. Some are bracing for the bull rally to continue running while others are preparing for stocks to fall the other way. Earlier last month, Powell said the central bank would keep an eye on economic growth throughout the year and adjust monetary policy if growth slows.

That’s left Wall Street watchers and company executives in limbo, who are adjusting their own plans to Fed policy. Markets began to swing up after Powell’s comments, but CEO sentiment has remained the same, said Rometty, who is also chair and president of IBM.

“Over a curve over time … you would’ve seen more toward the growth side,” she said. But “I see that balance now between growth and efficiency initiatives and I actually see that staying very firm.”

Rometty also announced that IBM would open its Watson artificial intelligence service to all cloud platforms, not just IBM’s cloud. The move will give IBM customers capability to manage and run data under the clouds run by providers like Microsoft and Amazon.

“Watson can run on your premise … it can run on any cloud and it can connect between them,” Rometty said. “This is a big piece — not just of Watson — a big piece of hybrid cloud,” she said, referring to the idea of mixing on-premises software with services from multiple cloud providers. “We think that’s a trillion dollar market and we’ll be number 1 in it.”

Shares of IBM are trading about 1.4 percent higher as of midday. The stock is up almost 20 percent this year.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: tyler clifford
Keywords: news, cnbc, companies, rometty, change, powells, ibms, speech, ginni, street, watson, cloud, run, powell, sees, ceo, fed, providers, think, confidence, ibm, growth


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Fed’s Powell puts focus on spreading benefits of a strong economy

Federal Reserve Chairman Jerome Powell said the U.S. economy looks strong, but the central bank is continuing to find ways to fight poverty. Speaking on Tuesday in Mississippi, Powell said the central bank is looking at a number of ways to help rural communities, with a particular focus on banking and finance for areas of need. “Today, data at the national level show a strong economy. As he has in the recent past, the Fed chair focused on the importance of getting more Americans involved in the


Federal Reserve Chairman Jerome Powell said the U.S. economy looks strong, but the central bank is continuing to find ways to fight poverty. Speaking on Tuesday in Mississippi, Powell said the central bank is looking at a number of ways to help rural communities, with a particular focus on banking and finance for areas of need. “Today, data at the national level show a strong economy. As he has in the recent past, the Fed chair focused on the importance of getting more Americans involved in the
Fed’s Powell puts focus on spreading benefits of a strong economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: jeff cox, adam jeffery
Keywords: news, cnbc, companies, world, economy, feds, bank, areas, focus, puts, ways, powell, strong, remarks, benefits, rural, central, spreading


Fed's Powell puts focus on spreading benefits of a strong economy

Federal Reserve Chairman Jerome Powell said the U.S. economy looks strong, but the central bank is continuing to find ways to fight poverty.

Speaking on Tuesday in Mississippi, Powell said the central bank is looking at a number of ways to help rural communities, with a particular focus on banking and finance for areas of need.

“Today, data at the national level show a strong economy. Unemployment is near a half-century low, and economic output is growing at a solid pace. But we know that prosperity has not been felt as much in some areas, including many rural places,” he said in remarks to the Hope Enterprise Corporation Rural Policy Forum in Itta Bena.

As he has in the recent past, the Fed chair focused on the importance of getting more Americans involved in the working population. His remarks did not touch on monetary policy.

The U.S. labor force participation rate is at 63.2 percent currently, about half a percentage point above where it was at the beginning of 2019, but lags behind most other industrialized countries. The nation ranked 101st in the world in that category, according to 2018 World Bank statistics.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: jeff cox, adam jeffery
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Watch Fed Chair Jerome Powell speak live at economic forum in Mississippi

[The stream is slated to start at 12:45 pm ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell is speaking Tuesday on “Economic Development in High Poverty Rural Communities” at the Hope Enterprise Corporation Rural Policy Forum in Itta Bena, Mississippi. Earlier in the day, Powell had a question and answer session at Mississippi Valley State University where he fielded students’ questions about how the central bank helps the economy


[The stream is slated to start at 12:45 pm ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell is speaking Tuesday on “Economic Development in High Poverty Rural Communities” at the Hope Enterprise Corporation Rural Policy Forum in Itta Bena, Mississippi. Earlier in the day, Powell had a question and answer session at Mississippi Valley State University where he fielded students’ questions about how the central bank helps the economy
Watch Fed Chair Jerome Powell speak live at economic forum in Mississippi Cached Page below :
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Watch Fed Chair Jerome Powell speak live at economic forum in Mississippi

[The stream is slated to start at 12:45 pm ET. Please refresh the page if you do not see a player above at that time.]

Federal Reserve Chairman Jerome Powell is speaking Tuesday on “Economic Development in High Poverty Rural Communities” at the Hope Enterprise Corporation Rural Policy Forum in Itta Bena, Mississippi.

Earlier in the day, Powell had a question and answer session at Mississippi Valley State University where he fielded students’ questions about how the central bank helps the economy. During the chat, he said the chances of a recession are “not at all elevated” at this time.

Read more:

Paul Volcker is worried that the US is losing its status as ‘top dog’ in the world

The fate of the market this year could be in the hands of the ‘Powell Put’

Cramer: It would take two surprises — on trade and the Fed — to cause the next recession

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: jeff cox
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Fed’s Powell puts focus on spreading benefits of a strong economy

Federal Reserve Chairman Jerome Powell said the U.S. economy looks strong, but the central bank is continuing to find ways to fight poverty. Speaking on Tuesday in Mississippi, Powell said the central bank is looking at a number of ways to help rural communities, with a particular focus on banking and finance for areas of need. “Today, data at the national level show a strong economy. As he has in the recent past, the Fed chair focused on the importance of getting more Americans involved in the


Federal Reserve Chairman Jerome Powell said the U.S. economy looks strong, but the central bank is continuing to find ways to fight poverty. Speaking on Tuesday in Mississippi, Powell said the central bank is looking at a number of ways to help rural communities, with a particular focus on banking and finance for areas of need. “Today, data at the national level show a strong economy. As he has in the recent past, the Fed chair focused on the importance of getting more Americans involved in the
Fed’s Powell puts focus on spreading benefits of a strong economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: jeff cox, adam jeffery
Keywords: news, cnbc, companies, focus, remarks, world, strong, powell, benefits, economy, spreading, rural, central, puts, areas, bank, ways, feds


Fed's Powell puts focus on spreading benefits of a strong economy

Federal Reserve Chairman Jerome Powell said the U.S. economy looks strong, but the central bank is continuing to find ways to fight poverty.

Speaking on Tuesday in Mississippi, Powell said the central bank is looking at a number of ways to help rural communities, with a particular focus on banking and finance for areas of need.

“Today, data at the national level show a strong economy. Unemployment is near a half-century low, and economic output is growing at a solid pace. But we know that prosperity has not been felt as much in some areas, including many rural places,” he said in remarks to the Hope Enterprise Corporation Rural Policy Forum in Itta Bena.

As he has in the recent past, the Fed chair focused on the importance of getting more Americans involved in the working population. His remarks did not touch on monetary policy.

The U.S. labor force participation rate is at 63.2 percent currently, about half a percentage point above where it was at the beginning of 2019, but lags behind most other industrialized countries. The nation ranked 101st in the world in that category, according to 2018 World Bank statistics.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: jeff cox, adam jeffery
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The fate of the market this year could be in the hands of the ‘Powell Put’

Call it the “Powell Put” or the “Powell Pivot” or something else, but the Federal Reserve chairman’s recent change in approach to monetary policy is reverberating through the markets. In just a matter of a few months, central bank chief Jerome Powell has evolved from a hawk on interest rates — in favor of pushing them higher — to a seeming dove intent at the very least on waiting to see how conditions evolve before making another move. Before running into some trouble at the end of this week, th


Call it the “Powell Put” or the “Powell Pivot” or something else, but the Federal Reserve chairman’s recent change in approach to monetary policy is reverberating through the markets. In just a matter of a few months, central bank chief Jerome Powell has evolved from a hawk on interest rates — in favor of pushing them higher — to a seeming dove intent at the very least on waiting to see how conditions evolve before making another move. Before running into some trouble at the end of this week, th
The fate of the market this year could be in the hands of the ‘Powell Put’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: jeff cox, adam jeffery
Keywords: news, cnbc, companies, waiting, fate, week, trouble, powell, hands, tighteningthis, chief, strategist, stated, probably, market


The fate of the market this year could be in the hands of the 'Powell Put'

Call it the “Powell Put” or the “Powell Pivot” or something else, but the Federal Reserve chairman’s recent change in approach to monetary policy is reverberating through the markets.

In just a matter of a few months, central bank chief Jerome Powell has evolved from a hawk on interest rates — in favor of pushing them higher — to a seeming dove intent at the very least on waiting to see how conditions evolve before making another move.

Before running into some trouble at the end of this week, the market appeared to be rallying at least in part on a more accommodative Fed.

With a multitude of headwinds still brewing — anticipated negative earnings growth in the first quarter is just the latest — the big question will be how far Powell and his fellow policymakers will be able to carry the markets with their stated intention to be “patient” about future tightening.

“This clearly feels like the market probably overreacted to his hawkishness in October, and we’re probably overreacting to to his dovishness in January and February,” said Art Hogan, chief market strategist at National Holdings. “I would characterize it not as a Powell put, but as a Powell pause.”


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: jeff cox, adam jeffery
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Fed’s Powell reveals what he thinks is the biggest challenge over the next decade

Sluggish productivity and widening wealth gap are the biggest challenges facing the U.S. over the next decade, Federal Reserve Chairman Jerome Powell said Wednesday. Speaking at a town hall in Washington D.C. to a group of educators, the central bank leader said his greatest economic fears lie outside the Fed’s purview. Wages at the middle and lower levels have “grown much more slowly” than those at the higher end, he said. We need policies to make that happen,” Powell added. Powell stressed the


Sluggish productivity and widening wealth gap are the biggest challenges facing the U.S. over the next decade, Federal Reserve Chairman Jerome Powell said Wednesday. Speaking at a town hall in Washington D.C. to a group of educators, the central bank leader said his greatest economic fears lie outside the Fed’s purview. Wages at the middle and lower levels have “grown much more slowly” than those at the higher end, he said. We need policies to make that happen,” Powell added. Powell stressed the
Fed’s Powell reveals what he thinks is the biggest challenge over the next decade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: jeff cox, yuri gripas
Keywords: news, cnbc, companies, reveals, mobility, feds, income, chairman, powell, biggest, widely, need, workforce, yearsthats, thinks, policies, challenge, widening, decade


Fed's Powell reveals what he thinks is the biggest challenge over the next decade

Sluggish productivity and widening wealth gap are the biggest challenges facing the U.S. over the next decade, Federal Reserve Chairman Jerome Powell said Wednesday.

Speaking at a town hall in Washington D.C. to a group of educators, the central bank leader said his greatest economic fears lie outside the Fed’s purview. Specifically, he called for more aggressive policies to address income inequality.

Wages at the middle and lower levels have “grown much more slowly” than those at the higher end, he said.

“We want prosperity to be widely shared. We need policies to make that happen,” Powell added.

For the chairman, the forum was a chance to take some lighter questions — he revealed that to relax he plays guitar and rides his bicycle — but he also turned serious when addressing the issues of the future.

Powell stressed the importance of increasing labor force participation and improving mobility between income classes, which is an area where he said the U.S. has lagged in recent years.

“That’s not our self-image as a country, nor is it where we want to be,” he said.

“There are policies that we need to do that everyone should be able to agree on that will change mobility, improve people’s chances and enable people to better take part in the workforce of the future,” Powell added.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: jeff cox, yuri gripas
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The Fed, as it should, is taking cues from the market: Analyst

The Fed, as it should, is taking cues from the market: Analyst14 Hours AgoWayne Kaufman of Phoenix Financial Services says the Federal Reserve has not been data dependent, and that Fed Chairman Jerome Powell is “wise” to pay attention to markets, which are “leading indicators.”


The Fed, as it should, is taking cues from the market: Analyst14 Hours AgoWayne Kaufman of Phoenix Financial Services says the Federal Reserve has not been data dependent, and that Fed Chairman Jerome Powell is “wise” to pay attention to markets, which are “leading indicators.”
The Fed, as it should, is taking cues from the market: Analyst Cached Page below :
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Keywords: news, cnbc, companies, powell, markets, pay, analyst, services, fed, taking, wise, cues, reserve, phoenix, market


The Fed, as it should, is taking cues from the market: Analyst

The Fed, as it should, is taking cues from the market: Analyst

14 Hours Ago

Wayne Kaufman of Phoenix Financial Services says the Federal Reserve has not been data dependent, and that Fed Chairman Jerome Powell is “wise” to pay attention to markets, which are “leading indicators.”


Company: cnbc, Activity: cnbc, Date: 2019-02-07
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Mnuchin says Fed Chief Powell gave Trump an overview of the economy at ‘very casual’ dinner

Federal Reserve Chairman Jerome Powell’s recent dinner with President Donald Trump at the White House was “very casual,” Treasury Secretary Steven Mnuchin said Wednesday. Trump and Powell sat down at dinner together on Monday for about an hour and a half, with Mnuchin and Fed Vice Chairman Richard Clarida also in attendance. They had not met since Jay Powell was put into office,” Mnuchin added. Mnuchin clarified that “there was not a thank you” from Trump for Powell maintaining interest rates. J


Federal Reserve Chairman Jerome Powell’s recent dinner with President Donald Trump at the White House was “very casual,” Treasury Secretary Steven Mnuchin said Wednesday. Trump and Powell sat down at dinner together on Monday for about an hour and a half, with Mnuchin and Fed Vice Chairman Richard Clarida also in attendance. They had not met since Jay Powell was put into office,” Mnuchin added. Mnuchin clarified that “there was not a thank you” from Trump for Powell maintaining interest rates. J
Mnuchin says Fed Chief Powell gave Trump an overview of the economy at ‘very casual’ dinner Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: michael sheetz
Keywords: news, cnbc, companies, jay, president, dinner, chief, think, economy, white, overview, fed, powell, meeting, rates, casual, mnuchin, trump, gave


Mnuchin says Fed Chief Powell gave Trump an overview of the economy at 'very casual' dinner

Federal Reserve Chairman Jerome Powell’s recent dinner with President Donald Trump at the White House was “very casual,” Treasury Secretary Steven Mnuchin said Wednesday.

“Chairman Powell gave the president an overview of the economy and what he was seeing, which was quite strong and consistent with his public comments,” Mnuchin said on CNBC’s “Squawk Box.” “We talked about everything from the economy to the golf match with Tiger [Woods] and Jack [Nicklaus] to the Super Bowl. We covered a wide range.”

Trump and Powell sat down at dinner together on Monday for about an hour and a half, with Mnuchin and Fed Vice Chairman Richard Clarida also in attendance.

“It was, I think, a terrific meeting for them to get to see each other. They had not met since Jay Powell was put into office,” Mnuchin added.

The dinner also came less than a week after Powell’s Fed decided to leave interest rates alone and said it will be more “patient” in assessing future rate hikes. Trump has repeatedly attacked the Fed for raising rates. During the news conference following the Fed’s policy meeting last week, Powell said the Fed does not take “political considerations” into account when making its decisions.

“I think the Fed chair was very consistent in what he said to the president with what he’s been saying publicly in his press conferences. I think that the Fed chair has been very clear in looking at the economy and the Fed being clear that they have lots of different tools,” Mnuchin said. “Again, I thought it was productive meeting. It was a casual meeting.”

Mnuchin clarified that “there was not a thank you” from Trump for Powell maintaining interest rates. Rather, Mnuchin said there was only “a thank you for coming for dinner.”

When asked how the president and his officials were able to walk the fine line of being apolitical in discussions with the Fed, Mnuchin noted that he meets “with Jay Powell every week.”

“I think Jay Powell is very clear that he wasn’t going to say anything in private inconsistent with what he said publicly, although, we did have somewhat of a covert operation getting him into the White House so that it didn’t create speculation. Jay Powell put out a statement right after the meeting — we weren’t trying to hide this,” Mnuchin said.

He added that Powell “did not” have a wig and a mustache on to slip into the White House.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: michael sheetz
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Janet Yellen worries Trump comments could hurt confidence, says Fed should remain independent

Former Federal Reserve Chair Janet Yellen defended the central bank’s independence after months of strong criticism from President Donald Trump. “It is important for the Fed to be viewed as independent, and I worry that the comments threaten public confidence,” Yellen told CNBC’s Steve Liesman on Power Lunch Wednesday. There is some history of Presidents trying to influence the Fed, and reportedly [Richard] Nixon influenced Arthur Burns. After months of strong criticism, Fed Chair Jerome Powell


Former Federal Reserve Chair Janet Yellen defended the central bank’s independence after months of strong criticism from President Donald Trump. “It is important for the Fed to be viewed as independent, and I worry that the comments threaten public confidence,” Yellen told CNBC’s Steve Liesman on Power Lunch Wednesday. There is some history of Presidents trying to influence the Fed, and reportedly [Richard] Nixon influenced Arthur Burns. After months of strong criticism, Fed Chair Jerome Powell
Janet Yellen worries Trump comments could hurt confidence, says Fed should remain independent Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: yun li, scott mlyn
Keywords: news, cnbc, companies, president, confidence, janet, remain, yellen, important, strong, fed, richard, powell, months, central, worries, independent, comments, trump, public, hurt


Janet Yellen worries Trump comments could hurt confidence, says Fed should remain independent

Former Federal Reserve Chair Janet Yellen defended the central bank’s independence after months of strong criticism from President Donald Trump.

“It is important for the Fed to be viewed as independent, and I worry that the comments threaten public confidence,” Yellen told CNBC’s Steve Liesman on Power Lunch Wednesday.

“It’s important for the public and for market participants to understand that the actions that the Fed takes are truly in response to its congressional mandate of maximum employment and price stability. There is some history of Presidents trying to influence the Fed, and reportedly [Richard] Nixon influenced Arthur Burns. It’s important for the sake of the Fed’s credibility and the confidence in the institution,” Yellen added.

Trump has repeatedly criticized the central bank for slowing the economy, even saying the Fed has “gone crazy” by continuing to raise interest rates. After months of strong criticism, Fed Chair Jerome Powell and Trump finally had their first official meeting.

The two sat down at dinner together on Monday for about an hour and a half, with Fed Vice Chairman Richard Clarida and Treasury Secretary Steven Mnuchin also in attendance. Mnuchin described the dinner as “very casual” and said the Fed chief gave the president an overview of the economy.

Yellen served as the central bank’s chief from 2014 to 2018. Powell succeeded her in February last year.


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Fed Chairman Powell met with Trump for an ‘informal dinner’ to discuss the economy

Federal Reserve Chairman Jerome Powell sat down with President Donald Trump on Monday. The dinner lasted about 90 minutes and was attended by Fed Vice Chairman Richard Clarida and Treasury Secretary Steven Mnuchin. Most presidents meet at least once and sometimes more often with the Fed chair. But given the president’s past criticism, it had been unclear if and when Powell and Trump would meet. Trump has been highly critical of the Fed for raising interest rates, including calling the Fed “out o


Federal Reserve Chairman Jerome Powell sat down with President Donald Trump on Monday. The dinner lasted about 90 minutes and was attended by Fed Vice Chairman Richard Clarida and Treasury Secretary Steven Mnuchin. Most presidents meet at least once and sometimes more often with the Fed chair. But given the president’s past criticism, it had been unclear if and when Powell and Trump would meet. Trump has been highly critical of the Fed for raising interest rates, including calling the Fed “out o
Fed Chairman Powell met with Trump for an ‘informal dinner’ to discuss the economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: steve liesman, everett rosenfeld, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, discuss, vice, powell, dinner, economic, trump, chairman, policy, meeting, chair, president, treasury, fed, met, informal, economy


Fed Chairman Powell met with Trump for an 'informal dinner' to discuss the economy

Federal Reserve Chairman Jerome Powell sat down with President Donald Trump on Monday.

That marked their first meeting since the president nominated Powell to the post and follows months of strong criticism from Trump about his nominee and the Fed.

The central bank said in a statement it was an “informal dinner” in the White House residence “to discuss recent economic developments and the outlook for growth, employment and inflation.”

The dinner lasted about 90 minutes and was attended by Fed Vice Chairman Richard Clarida and Treasury Secretary Steven Mnuchin. Steak was served.

Most presidents meet at least once and sometimes more often with the Fed chair. But given the president’s past criticism, it had been unclear if and when Powell and Trump would meet. The president had extended the invitation on Friday.

A senior administration official confirmed the meeting and said it was “two on a side.”

“No pitchforks. It was much more casual than an Oval Office meeting,” the official said. “They had a very good exchange of views.”

The statement from the Fed said Powell’s comments to Trump “were consistent with his remarks at his press conference of last week.” Powell was said not to have discussed monetary policy expectations “except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook.”

Trump has been highly critical of the Fed for raising interest rates, including calling the Fed “out of control” in October. At its January meeting, the Fed shifted policy toward a more neutral stance away from rate hikes — at least for the time being.

The president — who said in November that he was “not even a little bit happy” about his selection of Powell — has not commented on Fed policy since the shift.

Here’s the statement from the Fed about the meeting:

Statement on Chair Powell’s and Vice Chair Clarida’s meeting with the President and Treasury Secretary 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.

—CNBC’s Eamon Javers contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: steve liesman, everett rosenfeld, andrew harrer, bloomberg, getty images
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