Expert: Stimulating the economy by the Federal Reserve near the election may lead to political "backlash"
The Federal Reserve took measures to stimulate the economy as the election approached, despite its consistent stance on keeping a distance from politics. Christina Parajon Skinner, Associate Professor at the Wharton School, pointed out that the rate cut could be seen as the Fed's attempt to influence the election outcome, leading to external questioning of its motives. Republican candidate Trump criticized this, suggesting that the Fed may be "playing politics"
Jin10 Data, September 20th news: The Federal Reserve has always claimed that it prefers to keep its distance from politics, but it has taken bold measures in the weeks leading up to the crucial election to boost the economy. Christina Parajon Skinner, an associate professor at the Wharton School who researches central banks, said, "The risk is that cutting interest rates will improve the economy, which may lead many non-professionals to think that the Federal Reserve is trying to improve the economy before the election to help a particular candidate win." The Fed's actions have already drawn some criticism. Republican candidate Trump hinted that the Fed may be "playing politics," which, by his past standards, is a rather mild criticism