President-elect Trump, and the reaction he already has provoked in markets, will be a major topic among Federal Reserve officials at the two-day monetary policy meeting that begins Tuesday morning in Washington.

Thanks to strong job growth and accelerating economic growth, it’s widely expected that the Fed will raise rates Wednesday afternoon, a year after the last time it moved its interest rate target. More important than a 0.25 percent increase in short-term interest rates, however, are any signals the Fed might send about Trump’s impact on the central bank’s plans for the years ahead.