Federal Reserve policymakers kicked off the two-day meeting to determine the U.S. interest rate policy. John Lekas, CEO and portfolio manager of Leader Capital, and Michelle Girard, senior economist at RBS, weighed in on what investors should expect from this week’s decision.

“We’re most focused on the Treasury-buying program,” Girard told CNBC.

“There’s not going to be any meaningful expansion of the program. The Fed is moving toward winding down the balance sheet, not stepping up. So if they say anything, it will be just a signal that the program is in the process of being wound down.”

Girard said she doesn’t expect the Fed to start raising interest rates until the middle of 2010.

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