The Federal Open Market Committee of the Federal Reserve began two days of meetings Tuesday, with the group expected to approve lowering interest rates.

This week's gathering comes as a court rejected President Donald Trump's bid to remove Commissioner Lisa Cook from the board after he accused her of committing mortgage fraud. The meetings also follow the Senates confirmation of former Trump administration economic adviser Stephen Miran to the board.

Trump has openly criticized the Federal Reserve for not lowering interest rates in 2025, while Chairman Jerome Powell has expressed concern over elevated inflation. Powell, however, has pointed to a softening job market as a reason the Fed may vote to cut rates. He has noted that lowering interest rates can help fuel job growth, though it ca

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