[Franklin Templeton: The U.S. presidential election may complicate the prospect of a significant rate cut] Golden Finance reported that Wylie Tollette, chief investment officer of Franklin Templeton Investment Solutions, believes that "if inflation in the housing industry remains, then a 50 basis point rate cut may actually accelerate or amplify this situation." He expects the Federal Reserve to cut interest rates by 25 basis points next week, adding that the election may also complicate the prospect of a significant rate cut. Trump previously said that the Fed's rate cuts would help Harris become the current vice president, "even though they know they shouldn't do that." Wylie Tollette said: "The Fed's path is that they want to do the right thing for the economy, and I don't think they want to be seen as favoring the incumbent candidate through more aggressive rate cuts."