Fed Policy Shifts and Political Influence

EJ Antoni observes a correlation between shifts in Federal Reserve policy, economic forecasts, and the political landscape.
He points out that despite stable economic data, the Fed's tone and actions have changed dramatically, seemingly influenced by election outcomes.
Antoni expresses concern over the lack of empirical basis for these policy shifts, suggesting political motivations rather than economic indicators are driving decisions.
Initially, positive outlooks and rate cuts coincided with a particular candidate's decline in polls, followed by a return to more cautious forecasts and discussions of persistent inflation after the election.
This raises questions about the Fed's independence and its potential susceptibility to political pressures.

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