US President Biden set to meet with Fed Chair Powell on Tuesday

Reports are doing the round that US President Joe Biden is likely to meet Fed Chair Jerome Powell on May 31, Tuesday.

There are no further details out on the same. Meanwhile, there is no official confirmation from either side.

Market reaction

The US dollar remains in the red around 101.50 against its main competitors on the above report. The spot is down 0.11% on the day.