The Federal Reserve is expected to leave borrowing costs unchanged Wednesday at the end of a two-day policy meeting, even as President Donald Trump continues to call on officials to lower them.
The president has renewed pressure on the Fed in recent months as his trade disputes threaten to hurt the economy ahead of the 2020 elections. Trump increased tariff rates on Chinese imports last month and began preparing to target a broader range of products.
Fed Chairman Jerome Powell signaled last month that officials were ready to act on escalating trade tensions, but most economists and investors see the benchmark interest rate remaining at a target range of between 2.25% and 2.5% this month.
