Fed to Hold Rates Before Powell Cedes Hot Seat to Warsh

I’m Nancy Cook, Bloomberg’s senior national political correspondent, and each weekday I’ll be coming to you with inside-the-room reporting and insights that reveal what’s really happening in Washington — and how it impacts you. Email me with feedback and comments here. If this newsletter was forwarded to you, sign up here.

There’s not much suspense around what the Federal Reserve will do with interest rates at what’s likely to be Jerome Powell’s final meeting chairing the board tomorrow. Perhaps a more interesting question is: How long will the rates status quo persist after that — and how will President Donald Trump take it?