The Federal Reserve chair said the two discussed "economic developments" but not his expectations for monetary policy at a White House meeting called by the president.

President Donald Trump on Thursday met with Federal Reserve Chair Jerome Powell for the first time in his second term, according to a statement from the central bank.

Federal Reserve Chair Jerome Powell met with Donald Trump at the White House, assured the President that the Fed will base monetary policy on objective data to support employment and stable prices, says “monetary policy will be based on non-political analysis”.