Federal Reserve Chairman Jerome Powell stated that political events, including the upcoming presidential election, will not influence the Fed's decisions. Powell emphasized that the Fed's focus is on what is best for the economy, regardless of election-year politics.
⚠️ FED'S POWELL SAYS LOOMING ELECTION WON'T SWAY RATE DECISIONS Full Story → https://t.co/xCGHuRYQFN Federal Reserve Chairman Jerome Powell reiterated Wednesday that political considerations around the looming presidential election will not affect the central bank's interest… https://t.co/SCWAsbuswo
Powell says politics plays no role when asked about the upcoming election. “It just isn’t part of our thinking. It’s not what we’re hired to do. If you start down that road, I don’t know how you stop.”
POWELL: LOOMING ELECTION WON'T SWAY RATE DECISIONS