The U.S. Federal Reserve is expected to keep interest rates steady through this quarter and possibly until Chair Jerome Powell’s tenure ends in May, according to a Reuters poll. Most economists predict no changes at the January meeting, with a majority forecasting rate cuts after Powell’s departure. Concerns grow over political interference in Fed decisions.

President Trump has criticized Powell for not cutting rates more aggressively. Criminal charges related to building renovations have been brought against Powell, and Trump seeks to remove Fed Governor Lisa Cook. Most economists expect the Fed to maintain rates at 3.50%-3.75% but anticipate rate cuts later this year.

There is uncertainty about rate decisions beyond this quarter, with a slight majority of economists predicting rate cuts once Powell’s term ends. Treasury Secretary Bessent suggests Trump may choose the next Fed chairman soon. The U.S. economy is forecasted to grow by 2.3% this year, upgraded from previous estimates, with growth expected to average 2% through 2028.

The U.S. economy is projected to experience strong GDP growth in 2026 due to investments in AI and tax cuts. Inflation is expected to remain above the Fed’s 2% target for the foreseeable future. The unemployment rate is forecasted to remain steady at an average of 4.5% this year.

Read more at Yahoo Finance: Fed to hold rates through March, and possibly through Powell’s tenure, on strong growth: Reuters poll