Economists at Société Générale wrote that Federal Reserve officials may find it difficult to formulate and discuss monetary policy "without getting involved in the debate about elected President Trump's potential economic policies." They expect the FOMC to lower interest rates by 25 basis points next week, as reflected in the market. They added that Federal Reserve Chairman Powell "may use the press conference to provide options for pausing further easing of monetary policy." They expect he will not directly comment on Trump's policies, "but the FOMC will formulate policies consistent with managing high inflation risks," the economists stated.