Powell: Fed will make interest rate decisions "when necessary" without political considerations
According to Foresight News , according to Jinshi, U.S. Congressman Mike Lawler asked Federal Reserve Chairman Powell at a hearing yesterday, "Will the September rate cut (currently investors believe the probability is about 70%) be seen as a political act to try to change the election landscape before the November 5 election?" Powell retorted that the Federal Reserve will make interest rate decisions "when necessary." "Our commitment is to make decisions when necessary based on data, upcoming data, changing prospects and risk balance, rather than considering other factors, including political factors. For us, it is inappropriate to consider the election cycle (when making interest rate decisions) anyway."