Janet L. Yellen, the Fed’s chairwoman, is likely to face questions about those plans at a news conference scheduled for 2:30 p.m.
• The big question is whether the Fed is still on course to raise its benchmark rate at least one more time this year.
What to Expect From the Fed Today -
By BINYAMIN APPELBAUMJUNE 14, 2017
WASHINGTON — The Federal Reserve is expected to announce the results of the two-day meeting of its policy-making committee at 2 p.m. Wednesday.
• The Fed may also provide more information about its plans to gradually reduce its $4.5 trillion portfolio of Treasuries
and mortgage-backed securities, the final step in ending its economic stimulus campaign.
A standoff from the 1960s between President Lyndon B. Johnson
and the Fed chairman at the time, William McChesney Martin, provided a template for interactions between the Federal Reserve and the White House for decades to come.
