The Federal Reserve Isn’t Political. Well, Not Exactly.
==========

The Federal Reserve won't use monetary policy to influence the race for the White House, but it will seek to ensure that its current powers remain after the election. The Fed is caught in the political crosshairs as its actions this year will shape the strength of the economy on Election Day. Former President Trump believes the Fed will help the Democrats and has threatened to fire Fed Chair Jerome Powell if reelected. Democrats such as Senator Warren have urged the Fed to cut rates to improve housing affordability.

#FederalReserve #MonetaryPolicy #Election #Economy #JeromePowell #DonaldTrump #Democrats #InterestRates #HousingAffordability

https://www.bloomberg.com/opinion/articles/2024-02-08/the-federal-reserve-isn-t-political-well-not-exactly