Powell left some advice to the next Fed chair. "Don't get pulled into elected politics," Powell said. "Don't do it."

The Federal Reserve is expected to keep its key interest rate at the target range of 3.5% to 3.75%, but traders are looking for hints on next steps for policy.

The Federal Reserve on Wednesday released its decision on interest rates.

The central bank will maintain rates at 3.5 to 3.75 percent and warned of 'elevated' economic uncertainty.

Powell left some advice to the next Fed chair. "Don't get pulled into elected politics," Powell said. "Don't do it."

Powell left some advice to the next Fed chair. "Don't get pulled into elected politics," Powell said. "Don't do it."