Summary
The Federal Reserve is holding its first meeting since Trump’s second term began, with interest rates expected to remain unchanged at 4.25%-4.5%.
Trump has called for immediate rate cuts, but the Fed is likely to hold steady as it assesses inflation risks from his proposed tariffs and mass deportations.
Former Fed officials emphasize the need for independent policymaking amid White House pressure.
Investors will closely watch Chair Jerome Powell’s post-meeting remarks, given his historically tense relationship with Trump over monetary policy.