Politically Fraught Question Emerges for the Federal Reserve: Whether To Cut Interest Rates Ahead of Election
Central bank appears to be moving toward a cut in September, which could help Vice President Harris, while President Trump urges delay until November.
WASHINGTON â Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September.
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