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.

The Federal Reserve will doubtless leave interest rates unchanged on Wednesday, but the meeting may be the last where the outcome is so cut and dry with President Donald Trump's tariffs casting a shadow of uncertainty over the economic outlook.

We expect Powell to push back against market pricing and signal a renewed priority on price stability. Officials like Richmond Fed President Thom