August 26, 2019 / 10:07 AM / a month ago

Trump says G7 leaders may discuss monetary policy

U.S. President Donald Trump speaks as he meets Egypt's President Abdel-Fattah el-Sisi (not pictured) for bilateral talks during the G7 summit in Biarritz, France, August 26, 2019. REUTERS/Carlos Barria

BIARRITZ, France (Reuters) - U.S. President Donald Trump said leaders attending a G7 summit of industrialized nations had not discussed monetary policy but might do so later.

Trump is at odds with U.S. Federal Reserve Chair Jerome Powell over U.S. interest rates.

On Friday Powell said the central bank would “act as appropriate” to keep the U.S. economy healthy in a deteriorating global economy, but stopped short of committing to rapid-fire rate cuts and drew criticism from Trump.

Monetary policy is not on the summit’s official agenda.

Reporting by Jeff Mason; Writing by Richard Lough; Editing by Crispian Balmer

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