Fed Chairman Jerome Powell will talk to reporters Wednesday as Trump deems him a “major loser” and a “total stiff.”

Despite pressure from the White House, Powell is widely expected to hold interest rates steady, according to the CME FedWatch Tool, a measure of market sentiment. The central bank's benchmark interest rate currently stands at an elevated level of between 4.25% and 4.5%.

The Fed is expected to leave interest rates unchanged Wednesday, choosing caution as President Trump’s trade upheaval rattles markets and clouds the outlook for inflation and growth.