The Fed Faces Economic Uncertainty and Political Pressure as It Decides Whether to Cut Rates

WASHINGTON (AP) — The Federal Reserve is facing economic uncertainty and political pressure as it meets this week to decide whether to cut interest rates. Investors expect the Fed to reduce its benchmark interest rate by a quarter point, to about 4.1%. But it’s not even clear which Fed officials will be making the decision. The meeting will likely include embattled governor Lisa Cook unless the Supreme Court rules in favor of an effort by President Donald Trump to remove her from office. It will also include Stephen Miran, a top White House economic aide whom Trump nominated to fill an empty seat on the Fed’s board. The Senate confirmed Miran late Monday in a vote largely along party lines.