Introduction: As this is a meeting with no Standard Economic Projections and the Fed is widely expected to keep the FFR unchanged, little is expected to change in the Fed Statement or in Powell’s prepared remarks. President Trump has stated that rates should be lower. As a result, it will be particularly insightful to hear the response of Chair Powell. if in the Q&A, he is asked directly about the President’s views. Separately, Project Syndicate featured an article by Katherina Pistor, law professor, based on her thoughts about business in government that was most obvious at Trump’s inauguration.
