If this isn’t election interference, I don’t know what is.
The Fed today slashed interest rates by the biggest amount in 16 YEARS, a whopping 50 basis points from 5.50% to 5.00%. With the economy roaring along (thanks to Covid-related massive Federal spending), there was no good reason to slash rates. Other than to get Kamala (Hyena) Harris across the finish line.
The Fed’s bloated balance sheet remains bloast at 7.115 TRILLION.
The dots plot reveals more rate cuts to come. Or as the flea sang, Food Around The Corner.
Perhaps the voting members of FOMC realize how bad Harris/Walz’s economic policies are??
