Can US presidential election impact Federal Reserve's rate-cut timing?
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Federal Reserve officials, including Chair Jerome Powell, have provided insights into the potential timeline for rate cuts. Powell hinted that while there is a consensus among policymakers for rate cuts later this year, such decisions hinge on achieving greater confidence in inflation moving sustainably down to the Fed's 2% target. Atlanta Fed President Raphael Bostic projected a rate cut in the fourth quarter of this year, while Fed Governor Adriana Kugler indicated that a lowering of the policy rate within the year could be appropriate. The Fed's decision-making process is data-driven, with incoming data on jobs and inflation playing a pivotal role. The presidential election does not impact the Fed's decision-making, as Powell emphasized the importance of the Fed's autonomy in ensuring policy decisions are focused solely on economic indicators. The Fed's interest rate policies have far-reaching implications for the economy, affecting borrowing costs for mortgages, car loans, and business loans. The timing and extent of future rate cuts will be crucial in sustaining economic growth without reigniting inflationary pressures.

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https://timesofindia.indiatimes.com/world/us/can-us-presidential-election-impact-federal-reserves-rate-cut-timing/articleshow/109032706.cms