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Live from NPR News in Washington, I'm Dave Mattingly.
The Federal Reserve is expected to leave U.S. Interest rates unchanged
when it wraps up its latest policy meeting today in Washington.
NPR's Scott Horsley says this will likely be the final rate-setting meeting for Fed Chair Jerome Powell.
Powell's term as Fed chair is set to expire in mid-May,
and it now looks as if President Trump's pick to replace Powell will win Senate confirmation in time
to take over before the next rate-setting meeting in June.
The Senate Banking Committee is set to vote this morning on Kevin Warsh's nomination to be the next Fed chair.
North Carolina Republican Tom Tillis dropped his opposition to that vote after the Justice Department
agreed to end its criminal investigation of the Fed, which was widely seen as part of a White House pressure campaign.
President Trump has repeatedly called on the Fed to lower interest rates.
Many Fed policymakers are reluctant to do so,
however, so long as inflation remains elevated and the war with Iran is putting more upward pressure on prices.
Scott Horsley, NPR News, Washington.