The Big Decision Hanging Over the Fed Isn’t About Interest Rates

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, US economy editor Matthew Boesler looks at the legal case hanging over the Federal Reserve. Sign up here and follow us at @bpolitics. Email our editors here.

The Federal Reserve’s announcement on interest rates tomorrow may prove to be far less consequential for the central bank than another pending decision over which it has no say.