Not for the first time, the Federal Reserve turned a deaf ear Wednesday to President Trump’s advice on managing the U.S. economy: It left short-term interest rates alone.

“We don’t feel like the data is pushing us in either direction,” Fed Chairman Jerome Powell told reporters after the central bank’s monetary policy committee concluded its two-day meeting. “We don’t think about short-term political considerations, we don’t discuss them, we don’t consider them in making our decisions one way or another.”