Fed's Looming Rate Cut Could Bolster Biden's Reelection Bid The Federal Reserve is anticipated to lower interest rates, which may positively impact President Joe Biden’s reelection campaign by potentially easing public concerns over high inflation and increasing housing costs. This move, however, is expected to attract criticism, especially from Republican circles, including Donald Trump, who argue that the Fed’s actions could unfairly influence the election outcome. Trump has preemptively suggested that Fed Chair Jerome Powell, appointed by him in 2018, might lower rates to benefit the Democrats. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Iran’s Strike Against Israel: Gold Nears Record High READ MORE S&P 500 Nears Worst Month in Over a Year as Rising Yields Signal Inflation Concerns READ MORE Gold Prices Stable Amid Rate Cut Expectations READ MORE Citi Maintains $3,000 Gold Price Target READ MORE Tether Introduces Gold-Backed Stablecoin Alloy READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment