Are Jay Powell and the Fed going to juice the election-year economy by cutting interest rates? You've got Democratic senators and House members and various civilians who are calling for the Fed to raise their inflation target from 2% to 3%.
That's the Achilles heel of "Bidenomics," "Bidenflation" and Biden’s re-election. A couple of rate cuts by the Fed will not bail Biden out and indeed could make things worse. His opponent Donald Trump will tee off on the Fed and Biden if they start juicing the economy without any economic reason to do so. Anyway, here are a couple of numbers that should make the Fed think twice about stepping on the accelerator again.
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