Fed Ready to Begin 2 Days of Meetings | News

WASHINGTON, D.C. (KVOA) – The Federal Reserve is kicking off two days of crucial meetings today. A significant decision impacting your finances is expected to follow.

Stephen Miran joins the Federal Reserve Board, confirmed by a single vote. He replaces a governor who resigned last month. Fed Governor Lisa Cook remains on the board despite President Donald Trump’s efforts to fire her. An appeals court ruled that the president cannot remove Cook.

“The key takeaway here is what exactly is cause, and what kind of power does that ultimately give to the President of the United States when it comes to the Federal Reserve?” said an observer.

President Trump has been urging the Fed to cut rates for some time. Many investors anticipate a quarter-point rate cut is likely to be announced tomorrow. If this happens, variable rate loans, credit cards, and mortgages will become slightly more affordable.