Fed Chair Powell and PBOC's Yi hold first one-on-one talk since 2020 at IMF Spring Meetings.

The heads of the US Federal Reserve and the People's Bank of China met in Washington, D.C. to discuss economic and financial trends between the two countries. The meeting comes amid escalating political tensions between the US and China, and limited high-level interactions. The PBoC statement did not include any photos, and the US Federal Reserve and IMF did not immediately respond to a CNBC request for comment.