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The Fed will announce this afternoon whether it will lower interest rates as President Donald Trump wants or keep rates the same as investors expect.

Bernanke has Powell’s ear

It’s Fed day.

The U.S. central bank will announce this afternoon whether it will lower interest rates as President Donald Trump wants or keep rates the same as investors expect it to do.

The spotlight will be on Federal Reserve Chair Jerome Powell as he once again tries to navigate the complicated world Trump has created for him.

Next week, one of Powell’s predecessors will have a chance to make some waves, albeit on a much smaller stage.

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Punchbowl News Presents

Our new weekly show, Fly Out Day, brings you inside the most consequential decisions shaping Congress with the people at the center of the story. From Hill leadership to Washington’s most-plugged in reporters, join us straight from our townhouse each Thursday evening. Watch the latest episode now.