Former President Trump believes the Federal Reserve should not cut interest rates before the election, contrary to some economists and Democratic lawmakers advocating for imminent cuts.
Mark Zandi of Moody's Analytics mentions that rate cuts could offer immediate relief to consumers, small businesses, and lower-income households, impacting credit card interest rates positively.
Trump's comments hint at concerns of Fed politicization pre-election, contrasting with the Fed's intended apolitical nature emphasized by Powell.
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