The Federal Reserve holding its first meeting of the year and first meeting since President Trump took office. Bankrate's Greg McBride says don't expect any interest rate cuts to be announced until inflation nears the 2-percent mark. President Trump says he will soon demand the FED lower rates immediately which would help lower costs in the housing market. The FED has cut their rate for three meetings in a row, to about 4.3-percent from a two-decade high of 5.3-percent.