Election time…gas prices falling and so is inflation…short memories alone with propaganda and voila, more Marxism.
Yes, some of the posturing by the Fed will be to help re-elect incumbent politicians.
However, there is way too much in play at the moment to forecast what will happen or what the Fed can control.
Argentina wants to scrap their currency in favor of the dollar. That will drain a lot of dollars out of the US.
We have wars potentially all over the world, Ukraine, Israel, China-Tiwain, Iran-everyone, etc. Lots of folks will want to take there savings to a “safe haven” and the US looks safer than most.
Finally, you have the OPEC countries agreeing to cut production in the first quarter of 2024. That should cause oil and fuel prices to increase significantly.
You have a huge part of the federal debt needing to be refinanced next year and if they don't cut interest rates it will be harder to pay that debt.
A lot is in play in competing ways.
But yes, it is obvious who controls the economy.
...still, George Carlin was only 50% right, in that...
...it "ain't" a big club, it's a relatively SMALL club...
...but he was right, "it ain't US"