Fed meets as policymakers are expected to assert their independence amid Trump’s pressure

Federal Reserve chair Jerome Powell (Credit: Al Drago—Bloomberg)

• The Federal Reserve is expected to hold interest rates steady. Investors will be keeping a close eye on Fed officials’ latest economic projections—known as the “dot plot.” Any variance between the most bearish and most bullish officials might hold a key to the future of U.S. monetary policy. 

As the Federal Open Market Committee (FOMC) meets today, the financial world already knows what to expect: More patience is required.