The Fed's rate cut has become a powder keg in the 2024 presidential campaign, with fierce confrontation between the two parties

As the Fed announced its interest rate cut, this economic decision quickly became a hot topic in the 2024 US presidential campaign. Democratic vice presidential candidate Harris responded quickly, praising the move as a boon to middle-class families and calling it an important step in the fight against high inflation. She emphasized that reducing the cost of daily necessities is her top priority as a presidential candidate, trying to consolidate the Democratic Party's support among voters.

However, the Republican side questioned the move. Former President Trump bluntly criticized the Fed's interest rate cut as possibly politically motivated, believing that the decision either showed that the US economy was in bad shape or that the Fed was "playing politics." Trump's supporters, including hedge fund billionaire John Paulson, also joined the criticism, accusing the Fed of questioning its independence by cutting interest rates on the eve of the election.

This political debate over the Fed's interest rate cut not only reflects the deep differences between the two parties on economic policy, but also highlights the importance of inflation in the minds of American voters. Polls show that although the inflation rate has declined, most voters are still deeply worried about it, which has become one of the key factors affecting the election results.

Against this background, the position of Federal Reserve Chairman Powell has attracted much attention. He promised not to let political pressure affect the central bank's decision-making, but in the face of dual pressure from both parties, whether it can maintain its independence and credibility has become the focus of market attention. As the 2024 presidential campaign becomes increasingly fierce, the Fed's interest rate cut decision may continue to be a focal topic of the confrontation between the two sides. $BTC $ETH $BNB #token2049 #新币挖矿HMSTR #加密市场反弹 #美国大选如何影响加密产业？ #灰度将推出首个美国XRP信托