It was the first meeting of the FOMC since former President Donald Trump’s election victory. Policymakers have said repeatedly that the Fed is apolitical and that their calls on interest rates are driven by economic conditions.

Federal Reserve Chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed’s decision Thursday to lower interest rates by a quarter percentage point.

The Federal Reserve may decide to slow the pace of its interest-rate cuts as policy approaches officials’ estimates of neutral.

With the Fed expected to cut its key borrowing benchmark for the second consecutive meeting, follow along to see what our expert staff of reporters, writers, editors and financial analysts are watching.