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In case you were wondering.

So let me say that in the near term, the election will have no effects on our policy decisions.

Happy Fed Day, everybody.

From American Public Media, This is Marketflats.

In Los Angeles, I'm Kyle.

It is Thursday, today the 7th day of November.

Good as always to have you along, everybody.

Question number one for Fed Chair, Jay Powell, at his post-meeting press conference today, right

out the gate was about the election. The short answer, you heard up in the open. The slightly

longer answer goes like this. Now, just in principle, it's possible that any administration's policies or policies

put in place by Congress could have economic effects over time that would matter for our

pursuit of our dual mandate goals. The dual mandate, of course, just as a refresher, stable prices

and maximum employment. As to the economic details, an as expected quarter percentage

point cut in the federal funds rate, because as Powell did all but tick off on his fingers,

the economic activity data have been stronger than expected. Item number one. The Nipper revision

was stronger. Certainly the September employment report was stronger.

Item number two.

The October report, not stronger.

Item three.

...