Federal Reserve Chair Jerome Powell will push back at his press conference on Wednesday on calls from the White House and many on Wall Street for interest-rate cuts, economists say.

Even so, the Fed will almost certainly leave its key rate unchanged at about 4.3% when it meets Tuesday and Wednesday. Powell and many of the other 18 officials that sit on the Fed’s rate-setting committee have said they want to see how Trump’s tariffs affect the economy before making any moves.