Fed Chair Powell meets Chinese language counterpart Yi Gang

BEIJING — The heads of the US and China’s central banks met Tuesday in Washington, DC, the People’s Bank of China said in a statement on Friday.

PBoC Governor Yi Gang and Federal Reserve Chair Jerome Powell “exchanged views” on China-US economic and financial trends, the statement said, according to a CNBC translation.

The Fed and PBoC leaders’ meeting comes as political tensions between the world’s two largest economies have escalated and high-level interactions have been curtailed. US Treasury Secretary Janet Yellen said this week she still hopes to visit China, without specifying when.

Yi attended the spring meetings of the International Monetary Fund and World Bank in DC, the PBoC statement said. It contained no photos.

The Federal Reserve and IMF did not immediately respond to a CNBC request for comment outside of local business hours.

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