This rate cut is very critical for the election and can be seen as a positive for the Democratic Party. During the Democratic Party's administration, inflation was controlled, the economy was not hit, the possibility of a soft landing increased, and the unemployment rate was not out of control. After the Fed cut interest rates, Harris's approval rating soared, while Trump's approval rating fell. Trump believes that the 50% rate cut is a "conspiracy" of the Fed and the Democratic Party.