LETTER: The Federal Reserve wants Harris to win
Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the Federal Reserve in Washington, Wednesday, Sept. 18, 2024. (AP Photo/Ben Curtis)
The Federal Reserve just dropped their rate 50 basis points. It should be called the “Kamala rate cut.” The last core CPI was 3.2 percent. The Fed is looking for 2 percent. So inflation is 50 percent higher than the Fed wants but they cut 50 basis points. It must want a Harris win come November. It shouldn’t have done anything until after the election.
