Reported 3 months ago
U.S. Federal Reserve Chair Jerome Powell reiterated that political considerations do not influence monetary policy decisions, emphasizing that interest rate changes are solely based on economic data. During a press conference, he made it clear that the Fed remains impartial and will not adjust forecasts for potential political shifts, especially ahead of the upcoming presidential election. Powell highlighted that the central bank's focus is purely on data rather than political factors.
Source: YAHOO