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Which is why it won’t happen
The Federal Reserve is supposed to leave interest rates unchanged during an election year.
Powell created a loophole in December by saying we expect 6 rate reductions in 2024.
Until “inflation” hits 2 percent, Powell cannot lower rates.
He will only increase rates if he is feeling “suicidal”
I agree with half of what you said. No way he raises rates before the election. However, I can see him making the case that 2 1/2 or 2 3/4% inflation is close enough for a rate cut. The media will give him cover.
That’s true
The media is already questioning the 2 percent target.
https://time.com/6548908/inflation-target-federal-reserve-essay/
Yep. Need to readjust now
Perfect clown show... and we are watching this off distance.
Powell would be destroyed by the liberal press for hurting Biden's reelection chances. It would be fun to watch.