The move would leave the Fed’s baseline policy rate at a level between 5.25 and 5.5 percent. That’s the highest in 22 years.
Powell will then appear at a news conference at 2:30 Eastern time. The Fed chief is likely to get questions on monetary policy and the odds of a recession, which experts say are becoming slimmer and slimmer. This month, Goldman Sachs cut the chances of a downturn to 15 percent over the next 12 months, from a previous forecast of 20 percent.Powell could also get questions on other factors swirling around the economy. The Sept.
“Concerns about inflation are still something that I hear when I talk to people,” Boston Fed President Susan Collins told The Washington Post last month. “From my perspective, what price stability means is a level of low, stable prices where people aren’t really focused on it. … And people are still quite focused on it.”
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