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 China's Iron Ore Imports Defy Steel Industry Slowdown READ MORE Gold Inches Higher as Markets Await Powell's Testimony and Inflation Data READ MORE Ukrainian Drones Strike Deep, Hitting Major Russian Oil Refinery READ MORE HSBC Introduces Groundbreaking Tokenized Gold in Hong Kong READ MORE Middle East Tensions Propel Gold and Silver Prices READ MORE Add a Comment Cancel replyYour email address will not be published.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