While President Trump has focused his demands for lower borrowing costs on Federal Reserve Chair Jerome Powell, a broader group of central bankers is involved in interest-rate policy. A 12-person committee sets rates—seven Fed governors in D.

More jobs, more spending and continued uncertainty about tariffs. Here's how that could impact the Fed's interest rate decision this week.

Two top Federal Reserve officials could dissent from the central bank’s likely decision Wednesday to hold its key interest rate steady, a sign of division reflecting the economy's muddy outlook as well as the jockeying to replace Chair Jerome Powell when his term ends next year.