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What To Expect From This Week's Federal Reserve Meeting on Interest Rates
By
Diccon Hyatt
Updated June 16, 2025
09:46 AM EDT

Federal Reserve Chair Jerome Powell, seen here speaking at a press conference after the last meeting of the FOMC in May, has come under criticism from President Donald Trump for not cutting interest rates this year.
Andrew Harnik / Getty Images
Key Takeaways
The Federal Reserve is widely expected to keep its benchmark interest rate flat when the central bank's policy committee meets Wednesday.
The Fed has kept interest rates higher than usual all year to counteract inflation, and hasn't lowered them out of concern President Donald Trump's tariffs could push up prices for consumers.
Trump has repeatedly criticized the Fed for not cutting rates, and could renew that pressure if the Fed keeps rates flat as expected.
The Federal Reserve is likely to stick to its "wait-and-see" mantra next week, setting it on a collision course with the president.
The Federal Reserve is widely expected to hold its key interest rate steady when the central bank's policy committee meets Wednesday, possibly provoking more wrath from President Donald Trump, who has repeatedly demand the Fed, which is not under direct control of the White House, cut its benchmark interest rate by an entire percentage point.
