With No Suspense About Rates, Fed Meeting Is All About the Future

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economics enterprise reporter Rich Miller looks at where the Federal Reserve might be headed. Sign up here and follow us at @bpolitics. Email our editors here.

You’d be forgiven if you thought that this week’s meeting of Federal Reserve policymakers is a non-event. After all, Fed Chair Jerome Powell and his colleagues are universally expected to announce tomorrow that they opted to hold interest rates unchanged for the sixth straight meeting.