Federal Reserve starts 2-day meeting

(CNN)– Tuesday, Dec. 9, the Federal Reserve started a two-day meeting in which it is expected to cut the federal funds rate.

That would put downward pressure on interest rates for mortgages, auto loans, credit cards, and other debt.

The Central Bank also tries to balance maximum employment with control of inflation.

The Supreme Court is considering a case that could affect the Fed.

It challenges President Donald Trump’s firing of a former FTC commissioner.

The case could affect his power over other independent agencies like the Fed.