TechFlow news — During a hearing, U.S. Representative Mike Lawler asked Powell whether a rate cut in September would be seen as a political move intended to influence the election landscape. Powell countered that the Federal Reserve would make interest rate decisions based on "what is necessary," guided by data and a balanced assessment of risks—not by political considerations.
Powell stated that the Fed's decisions have always relied on data and the evolving economic outlook at all times, including during election years. He emphasized that it would be inappropriate to take election cycles into account when making monetary policy decisions.
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