If Republicans control both houses of Congress, the Federal Reserve may revise its basic assumptions in December
2024-11-06 14:18:38
On November 6th, according to a report by Kim Ten, "Federal Reserve mouthpiece Nick Timiraos wrote that Federal Reserve officials are now facing the question of whether the election result will lead to meaningful changes in economic demand or inflation that require a different policy path. Timiraos said officials will not change their policy approach until they learn about President-elect Trump's proposed reforms on taxes, tariffs and immigration. But if Republicans also win control of both houses of Congress, they may start revising some basic assumptions at the December meeting.
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