The Federal Reserve is expected to cut borrowing costs today, just weeks before the US election, to help boost the economy. The move could be seen as politically motivated, with Republicans accusing the Fed of trying to help Democrats. However, the Fed insists its decisions are based solely on economic factors such as inflation and employment. The central bank has the freedom to make decisions independently of the White House, but politicians will still use the Fed as a talking point.
image sourced from original article at https://www.nytimes.com/2024/09/18/briefing/federal-reserve-interest-rate-cut-election.html
Original article source: https://www.nytimes.com/2024/09/18/briefing/federal-reserve-interest-rate-cut-election.html
Source Id: 2024-09-488813120