Fed Chair Powell: Interest Rate Decisions Unswayed by Politics, 'We Just Don't Do That'

Jerome Powell, the Chair of the Federal Reserve, emphasized that the Fed's decisions on interest rates will not be influenced by political events or the upcoming election. He stated, 'We just don't do that,' highlighting the Fed's commitment to act based on economic needs rather than political pressures. Powell further questioned the implications of mixing politics with monetary policy, asking, 'where do you stop?' His remarks reinforce the Fed's non-partisan stance and focus on what is right for the economy.