The FOMC will announce its rate decision at 2 p.m. Eastern time and release its updated Summary of Economic Projections then, too. Fed Chair Jerome Powell will hold a press confer

President Trump may want lower interest rates, but the Federal Reserve will almost certainly keep its benchmark interest rate unchanged at its two-day policy meeting that ends Wednesday.

Stocks were pointing higher early Wednesday as traders coped with a raft of factors that could be market moving–everything from Big Tech earnings to a Federal Reserve interest-rate decision to new executive orders from President Donald Trump are on deck.

The president can't remove Powell before his term ends in 2026 simply because of policy disagreements or frustration over interest rate decisions. According to Earle, members of the Federal Reserve Board can be removed only "for cause," that is, proven misconduct, malfeasance or inability to do the job due to illness.

The Fed’s decision on Wednesday is the first following Trump’s return to office, which has been marked by a flurry of executive orders as the US president seeks to impose his agenda on Washington. Analysts say that Fed chair Jay Powell will have to resist White House pressure if he is to retain the confidence of markets and avoid unleashing a new wave of inflation.

Federal Reserve officials are expected to leave interest rates steady this week, giving themselves more time to lower inflation and to assess how President Donald Trump’s policies will affect the economy.

After three interest rate cuts in a row, the US Federal Reserve is expected to take a breather on Wednesday and signal it will remain on pause until the data

With healthy hiring and some progress on inflation, Fed official have said that the pace of rate cuts will slow this year.