FED has met for the first time since Trump's start. What do you expect

This week, the Federal Reserve is collected for the first time in the second presidential period Donald Trump, Who has already indicated that he wants to drop interest rates.

If every sign is almost accurate so far, it is unlikely that the new leader will get the free world.

“Maybe they will run a back seat,” said Beth Anne Bovino, the US Senior Economist at the US Bank. “No one knows what to expect from the White House. Politics movements are still very clear, but we know that a number of these proposals that were talked about in the White House are somewhat cheerful, and I think this will continue the Federal Reserve Bank in the check.”

In fact, the market pricing indicates approximately 100 % that the Federal Open Market Committee that determines prices will retain the central bank's policy price in a targeted scope of 4.25 % to 4.5 % CME collection Data.

In fact, federal reserve traders see until June, which is an extension Trump plans For tariffs, regulations and migration are likely to come more clearly. Trump said on Thursday that he would “do”It requests the decrease in interest rates immediately“Although it has no authority over the decisions of the Federal Reserve.

The Federal Reserve reduced the rates in each of its last three meetings, which reduces the short -term borrowing rate by a full percentage. The average decision of Wednesday will be issued at 2 pm East time.

Despite the pressure of the White House, central bankers should keep firm and take a break from policy changes.

“It is the correct invitation to stay fixed. The progress of inflation may not be suspended but it will happen sideways, and it has obtained four or five ongoing structural changes ongoing, about to be revealed.” CNBC interview. “The right thing to do is not to do anything at this meeting.”

Kaplan was martyred with three changes that could be identical: discounts in government spending, organizational review from the newly established advisory committee that the Ministry of Governmental efficiency calls, and Trump's “children's training” approach to energy in addition to the expected efforts to make the sector structure more efficient.

On the side of inflation, he sees Kaplan The possibility of definitions To enhance prices higher, while Collective deportation – Which began seriously this week – can lead to an increase in employment costs.

Kaplan said: “It is clear that Trump loves them to do is the speed of their analysis, and to accelerate their evaluation of these new policies and behave sooner, even from what they relax.” “The function of people at the Federal Reserve, in this case, is to conduct their analysis and not act until you feel confident.”

This meeting will not display the quarterly economic expectations of the Federal Reserve, including the “Dot plot” for the estimates of the individual members of the place where interest rates are heading. in December meetingThe participants have reduced the number of expected price cuts to two of four before, assuming that each reduction is increasing a quarterly point.

Investors will be left to roam through a post -conversion statement, which is expected to be changed a little, then turns into a chair Jerome PowellA press conference at 2:30 pm Easter.

Powell was a controversial relationship with Trump during the first round of the president in the Oval Office, from 2017 to 2021, and he is likely to be asked to respond to the president's demand for lower prices.

“The Federal Reserve must follow its legislative mandate,” Esther George, former Federal Reserve Chairman at the Energy Bank, told CNBC in an interview on Friday. “Congress has told us that it is due to a low and stable level. In the long run, this institution should consider those goals instead of influencing the external suspension and political pressure that will come on its way, as is the case in that. His entire existence.”