The Federal Reserve and Chairman Jerome Powell have a lot riding on Tuesday’s election, even as the central bank has spent 2024 keeping as much distance as it can from politics.
The next president is set to fill multiple open positions, and, with Powell’s term atop the central bank ending in May 2026, he or she will also be able to choose the next face of US monetary policy.
Perhaps the key question, as Kamala Harris signals a more status quo approach if she wins, is whether Trump would offer a deeper level of disruption than what he displayed from 2017 to 2021.
Ben Werschkul | Yahoo Finance