- Policy meeting concludes at 2 pm with release of statement, projections
- Officials expected to cut benchmark rate a quarter of a percentage point
- Miran now in office; Cook remains as litigation continues
WASHINGTON, Sept 17 (Reuters) - The most politically charged U.S. Federal Reserve meeting in years wraps up on Wednesday with broad expectations for a quarter-percentage-point interest rate cut that may spark dissents from some policymakers who feel it is too small and too late and others who feel it is not warranted at all.
Just as critical as that decision will be an updated slate of projections showing where policymakers see the economy and monetary policy heading eight months into President Donald Trump’s extensive rewrite of U.S. economic policy and unrelenting pressure on the central bank to lower borrowing costs.
Now that everyone has recent memory of the relationship between low interest rates and high inflation, I bet corporations are going to use an interest rate cut as a smokescreen to increase prices.
I mean, have you looked at prices recently, they’ve already been going up. That’s why they didn’t want to lower the rates, it’s only going to accelerate inflation that’s been creeping up due to tarrifs.