Fed Chairman Powell: Election Results Will Not Impact Short-Term Policy

In the latest press conference, U.S. Federal Reserve Chairman Jerome Powell clearly stated that the recent election results will not influence the central bank's urgent policy decisions. Following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., Powell remarked, "In the short term, the election will have no impact on our policy decisions."

Despite the political shift with former President Donald Trump’s return, the Fed’s stance has not changed. This situation could potentially lead to policies that widen deficits and increase inflation. Emphasizing the Federal Reserve's commitment to neutrality, Powell stated, "We are not forecasting, speculating, or making assumptions about future government policy choices."

This statement came immediately after the Fed's anticipated decision to lower interest rates, indicating that the central bank continues to pursue an action plan based on economic indicators rather than political changes. This approach underscores the Fed's dual mandate to ensure maximum employment and price stability, independent of the political environment.