The Fed is Trying to Save Biden, Not the Economy

A former Trump administration official predicted the Federal Reserve would cut interest rates in 2024 to “juice the economy” before the election.

The Federal Reserve kept interest rates steady Wednesday, but signaled that rates could be lowered in 2024, despite inflation still being relatively high. “They will juice the economy in an election year by giving us rate cuts for Joe Biden,” Kevin Hassett, who chaired the Council of Economic Advisors for President Donald Trump, told Fox Business host Larry Kudlow.

“They played their hand and they played it early,” Hassett added.