Agency: The Federal Reserve does not seem to be affected by the election
This article is machine translated
Show original
Odaily Planet Daily Report: According to High Frequency Economics analyst, between the presidential election day and the inauguration day, the Federal Reserve still has two meetings, but it is expected to be cautious in avoiding the impact of expectations on the future White House policy on its interest rate decision. The Federal Reserve can only set monetary conditions based on the policies and budgets established by law or the orders of the executive branch. It cannot re-formulate policies based on rapidly changing promises during the intense election campaign. Even by December, the intentions of the winning candidate may be clearer, but these still need to be implemented through congressional legislation or executive orders. (Jinshi)
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content