FED Chair Powell in the Hot Seat Today

Here’s the question that we want someone to ask the Fed chief today:

Mr. Chairman: Why is it that you cut interest rates twice BEFORE the election last year, but now you are rejecting rate cuts even though inflation is LOWER now than it was last September?

Could it be that you wanted to give Kamala Harris a little monetary boost right before the election? Inquiring minds want to know!

Here’s a good study that analyzes the politics of the Fed.  They find (among other things) nearly 90% of staff economists at The Fed are affiliated with the Democratic Party:

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