The US presidential election is intense, increasing the likelihood of the Federal Reserve standing still

The Federal Reserve may maintain interest rates unchanged before the end of the year to avoid intervening in the U.S. presidential election. The Chief Investment Officer of American World LLC stated that although it is expected that the U.S. will cut interest rates twice before the end of the year, if the economic conditions are good and there is no excessive policy pressure, the Federal Reserve may keep the status quo. President Trump hopes for low interest rates, but the Federal Reserve sets rates independently of the White House. Trump mentioned that he may let Powell continue in office, but it is unclear whether he can legally dismiss Powell. Trump hopes that the Federal Reserve will not take any action before the election