Watch Live: Fed Chair Powell Explains How He Won’t Meddle In The Election

Today is the last FOMC meeting until after the election… begging the question of just how ‘dovish’ will Fed Chair Powell be – to keep the stock market dream alive (and potentially President Trump’s re-election hopes).

Remember, in August 2019, ex-Fed President Bill Dudley made a “modest proposal” in a Bloomberg op-ed in which he advised Powell to take a political stand against enabling Trump’s trade war, and even go so far as to push the economy into a recession to prevent Trump from getting reelected!

Central bank officials face a choice: enable the Trump administration to continue down a disastrous path of trade war escalation, or send a clear signal that if the administration does so, the president, not the Fed, will bear the risks – including the risk of losing the next election.

And the punchline: 

“There’s even an argument that the election itself falls within the Fed’s purview.”

So far Powell hasn’t followed Bill Dudley’s virtue-signaling proposals…

We cannot wait for the Dems to demand a probe into The Fed’s ongoing dovish-tilted decision…

Bloomberg Senior U.S. Economist Yelena Shulyatyeva says the post-FOMC meeting press conference will provide a good opportunity for Fed Chair Powell to clarify how the central bank plans to implement its new average-inflation targeting framework.

Watch Live: