The conclusion of the Federal Reserve’s policy meeting on Wednesday could produce a historic dissent. If so, investors should be prepared to do, well, nothing, according to one Wall Street veteran. The Fed is seen as virtually certain to leave interest rates unchanged despite intense pressure from President Donald Trump and his allies on Chair Jerome Powell to deliver a cut.

The US Federal Reserve is expected to hold rates steady amid continued pressure from Donald Trump to lower borrowing costs. Trump had earlier announced plans to sack the Fed Chair but later abandoned any consideration of firing Jerome Powell.