Ahead of today’s State of the Union address by President Trump – which had been postponed because the partial federal government shut down – Chairman of the Federal Reserve Jerome Powell and Vice Chair Richard Clarida were invited last night for supper at the White House; Treasury Secretary Steven Mnuchin joined them at the informal meal. This was Mr Powell’s first face-to-face meeting with Mr Trump since the latter picked him for his current role. Oh, to be a fly on the wall after the President had accused the Fed Chairman of being ‘out of control’ for raising interest rates.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis