Trump has repeatedly criticized Powell for not cutting rates, which he says is costing the federal government billions of dollars in interest expenses incurred through servicing the national debt.

U.S. President Donald Trump on Monday again called on the Federal Reserve to cut interest rates, saying it would help propel the U.S. economy.

The stakes for the economy at the upcoming Federal Open Market Committee meeting aren’t particularly high: The labor market has been holding up and inflation has been steady, even if above the Fed’s ...