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Hmmmm I wonder what political considerations were wrought a year ago as the Fed, despite countermanding economic data, cut the fed rate 50 basis points less that 60 days from a Presidential election!
Yes, the Fed chair named to the board by Bush and picked *by Trump himself* to lead the Federal Reserve decided to do Kamala a solid and cut rates before the election for no reason at all. It worked according to plan, didn’t it? Remember how the Biden economy was awful and Trump was going to fix it and lower prices? How’s that working out for everyone?
A simple search of the archives of this site speak to declining job numbers as the cause for that rate cut.
https://www.ibj.com/articles/federal-reserve-cuts-key-interest-rate-by-a-sizable-half-point-signaling-end-to-its-inflation-fight
Cutting rates right now would be very stupid. Don’t you dare.