What has the Fed done in election years? Rate changes happen more often than not
As common as rate changes are in election years, brand new rate-reduction cycles - a series of cuts that follow either one or more recent rate increases or a pause of rate changes of at least five months - are less frequently begun on the doorstep of an election.
Trump Says Fed's Rate Cut Was 'Political Move'
Most people thought it was going to be half of that number, which probably would have been the right thing to do," Trump said in an interview with Newsmax. The Federal Reserve on Wednesday kicked off what is expected to be a series of interest rate cuts with an unusually large half-percentage-point reduction.
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