Welcome to a Fed Day like no other in recent memory.
Federal Reserve Chair Jay Powell will address the world this afternoon after the Federal Open Market Committee announces its next interest rate move at 2 p.m. Analysts expect the Fed to hold interest rates steady — the first such pause since September.
All the while, it’s become increasingly hard for the U.S. central bank to ignore the politics buffeting its walls. “Donald Trump is doing everything he can to turn the Fed into a collection of sock puppets,” warned Sen. Elizabeth Warren (D-Mass.), no fan of Powell herself.
