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Feds rate cut helps candidate Harris but will hurt President Harris or Trump.

Many investors, businesses, and consumers cheered the Federal Reserve's

first interest rate cut since March of 2020. The Fed's 50 basis points interest rate reduction was larger than many

Fed watchers anticipated and was followed by suggestions that there are more rate cuts on the way.

A drop in borrowing costs following the Fed's rate reduction can help make people more

optimistic about the general economy and their own

financial situation. The uptick in consumer sentiment could help Democratic

presidential nominee Vice president Kamala Harris

who has lagged behind Republican nominee former president Donald Trump

on the matter of which candidate is seen as better on economic issues.

Even before the feds rate cut,

President Trump and pro-Trump commentators were suggesting that a Ray cut would be a September surprise,

designed to boost Vice President Harris.

This claim was dismissed by the mainstream media as a baseless conspiracy theory.

However, anyone familiar with the Federal Reserve's history of tailoring monetary policy to advance political goals would not have any trouble

believing that the Fed would cut interest rates to help its preferred candidate.

Jerome Powell has an incentive

to prevent a Trump return to the Oval Office.

While in the White House, President Trump

regularly criticized Powell for not further lowering already

historically low interest rates.

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