Powell won’t cut interest rates on Wednesday, Wharton’s Jeremy Siegel says. He suspects attacks on the Fed chair will escalate

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• Very few people expect an interest-rate cut on Wednesday because of tariffs, but President Donald Trump has repeatedly called for lower interest rates. The President also may ramp up his criticism of Federal Reserve chair Jerome Powell when he doesn’t get what he wants, predicts Wharton’s Jeremy Siegel.

Wednesday will be the day all eyes are on the Fed and its chair, but very few onlookers—if any—expect an interest-rate cut.