The presidential elections are in November 2024. I believe the pivot will come sooner. US CPI is already going down.
Also, all of the current governors were appointed by the current president and Senate. Yet, they've been aggressively tightening despite the potential to benefit the GOP in yesterday's midterms.
I agree. The rate hikes take effect with a delay. They can't go on forever without slowing down the US economy.
I get the feeling that they are trying to smash it out as fast as possible so they can then "triage" for the elections.
Who's they and what elections? What does "triage" mean?
the FED - US election in 2024 - triage - repair the pain they have caused.
Do you believe the Fed would try to influence the election result?
Absolutely.
The presidential elections are in November 2024. I believe the pivot will come sooner. US CPI is already going down.
Also, all of the current governors were appointed by the current president and Senate. Yet, they've been aggressively tightening despite the potential to benefit the GOP in yesterday's midterms.
https://en.wikipedia.org/wiki/Federal_Reserve_Board_of_Governors