Fed’s Powell Says Looming US Election Will Not Sway Rate Decisions

The looming U.S. presidential election will not influence the Federal Reserve’s interest rate decisions, Fed Chair Jerome Powell said on Wednesday, adding that policymakers were “at peace” with keeping political considerations out of their decision-making process.

Speaking at a news conference after the end of the U.S. central bank’s latest policy meeting, Mr. Powell said Fed policy decisions will be guided by “what we think the right thing for the economy is,” repeating a long-held stance of ignoring politics in the central bank’s economic analysis.

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