The Federal Reserve (Fed) policymakers are set to make a decision on interest rates at 2 p.m. ET on Wednesday, likely the last of Jerome Powell's tenure as chair. The market is expected to anticipate holding rates in a range of 3.5-3.75% as they monitor the labor market and inflation. Powell may continue to serve as a Fed governor to maintain the Fed's independence. This could be a significant moment for the future of the Fed.