Happy Fed Day. The Federal Open Market Committee will decide the U.S. central bank’s latest interest rate move and announce it this afternoon.
It’s the first time in a while they’ll do so with President Donald Trump back in the White House. Buckle up.
You will likely hear Federal Reserve Chair Jay Powell tell reporters today that the Fed is independent when it comes to monetary policy. Powell said that a lot over the last year, as Trump warned on the campaign trail that he wanted a “say” on interest rates.
