The Fed says it ignores politics. Its rate moves tell a more complicated story

CNN Business05:26

Federal Reserve officials agree that inflation needs to return to the central bank’s 2% annual target. Instead, the war with Iran has sent gas prices soaring, and price increases are starting to ...

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Its rate moves tell a more complicated story\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-28 05:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2026/10/27/economy/federal-reserve-rate-decisions-elections><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Federal Reserve officials agree that inflation needs to return to the central bank’s 2% annual target. Instead, the war with Iran has sent gas prices soaring, and price increases are starting to ...</p>\n\n<a href=\"https://edition.cnn.com/2026/10/27/economy/federal-reserve-rate-decisions-elections\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BOND","symbol_name":"Pimco Total Return ETF","start_time":0,"source_url":"https://edition.cnn.com/2026/10/27/economy/federal-reserve-rate-decisions-elections","article_id":"2678819614","we_media_id":null,"thumbnails":[],"rights":{"source":"cnn_highlight","url":"https://edition.cnn.com/2026/10/27/economy/federal-reserve-rate-decisions-elections","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2678819614","pubTimestamp":1793136372,"columns":[],"sourceInfo":{"source_id":"cnn_highlight","name":"CNN Business"},"weMediaInfo":null,"summary":"Federal Reserve officials agree that inflation needs to return to the central bank’s 2% annual target. Instead, the war with Iran has sent gas prices soaring, and price increases are starting to spread beyond the gas station. Last month, that prompted Fed officials to raise rates for the first time in three years to cool the economy and bring down inflation.Yet this month, even with the inflation picture worsening, the Fed is widely expected to hold rates steady at its Wednesday meeting.Would that still be the case if the midterms weren’t just six days away?At his 2:30 p.m. press conference Wednesday, Fed Chairman Kevin Warsh is likely to face questions about political pressure if the central bank does keep rates unchanged. The Fed’s independence is a cornerstone of its monetary policy decisions. However, in an election year, that independence inevitably comes under the microscope.Leading up to this week’s meeting, Fed officials have signaled that they believe economic conditions don’t","collect":0,"end_time":0,"defaultTopTitle":"cnn.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BOND":"Pimco Total Return ETF","TLTW":"iShares 20+ Year Treasury Bond Buywrite Strategy ETF","TBIL":"US Treasury 3 Month Bill ETF","WAMA":"WisdomTree U.S. Adaptive Moving Average Fund","VGLT":"美国长期国债ETF-Vanguard","CIVG":"Corgi 1-5 Year Investment Grade Corporate Bond ETF","DBND":"DoubleLine Opportunistic Bond ETF","UUP":"美元ETF-PowerShares DB","LQD":"债券指数ETF-iShares iBoxx投资级公司债","TLH":"iShares安硕10-20年国债ETF","OOQB":"One+One Bitcoin and Ether ETF","SHV":"iShares 0-1 Year Treasury Bond ETF","UDN":"做空美元指数-PowerShares","NGHT":"Nicholas Bitcoin and Treasuries AfterDark ETF","GOVT":"iShares安硕核心美国国债ETF","MINT":"PIMCO Enhanced Short Maturity Exchange-Traded Fund","AGG":"债券指数ETF-iShares Barclays综合国债","SHY":"债券指数ETF-iShares Barclays 1-3年国债","GOLY":"Strategy Shares Gold Enhanced Yield ETF","HYG":"债券指数ETF-iShares iBoxx高收益公司债","LIAJ":"LifeX 2053 Inflation-Protected Longevity Income ETF","EDV":"美国延期国债ETF-Vanguard","BIL":"债券指数ETF-SPDR Barclays美国1-3月国债","BND":"债券指数ETF-Vanguard美国","XLRI":"The Real Estate Select Sector SPDR Premium Income Fund","BSV":"短期国债指数ETF-Vanguard","TBT":"债券20+美国债指数ETF-ProShares两倍做空","SKRE":"TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF","XBIL":"US Treasury 6 Month Bill ETF","IEI":"iShares Barclays 3-7 Year Trea","MUNX":"AMG GW&K Muni Income ETF","USHY":"iShares Broad USD High Yield Corporate Bond ETF","MUB":"美国市政债ETF-iShares","SCHO":"嘉信短期美国国债ETF","VCSH":"美国短期公司债-Vanguard","FAZ":"三倍做空金融ETF-Direxion","MYCN":"SPDR SSGA My2034 Corporate Bond ETF","TMF":"3倍做多20年期以上国债ETF-Direxion","BOXX":"ALPHA ARCHITECT 1-3 MONTH BOX ETF","UBT":"债券20+美国债-ProShares两倍做多","VCIT":"美国中期公司债-Vanguard","TYO":"3倍做空7-10年期国债ETF-Direxion","KBE":"银行指数ETF-SPDR KBW","TIP":"通胀债券指数ETF-iShares Barclays","GBIL":"Goldman Sachs Access Treasury 0-1 Year ETF","VGSH":"美国短期国债ETF-Vanguard","VGIT":"中期国债ETF-Vanguard","JPST":"JPMorgan Ultra-Short Income ETF","PBDC":"Putnam Bdc Income ETF","ZROZ":"PIMCO 25+ Year Zero Coupon U.S"},"translate_title":"美联储表示它无视政治。它的利率变动讲述了一个更复杂的故事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UDN":1.5,"VGIT":1.5,"BOND":1.5,"SHV":1.5,"SHY":1.5,"TYO":1.5,"ZROZ":1.5,"XLRI":1.5,"BSV":1.5,"MYCN":1.5,"TMF":1.5,"WAMA":1.5,"CIVG":1.5,"HYG":1.5,"LIAJ":1.5,"TIP":1.5,"DBND":1.5,"TLTW":1.5,"EDV":1.5,"PBDC":1.5,"MUB":1.5,"XBIL":1.5,"GBIL":1.5,"TLH":1.5,"VCIT":1.5,"BIL":1.5,"BOXX":1.5,"UUP":1.5,"BND":1.5,"TBIL":1.5,"GOLY":1.5,"NGHT":1.5,"MUNX":1.5,"SCHO":1.5,"USHY":1.5,"KBE":1.5,"JPST":1.5,"GOVT":1.5,"SKRE":1.5,"MINT":1.5,"VCSH":1.5,"TBT":1.5,"VGSH":1.5,"UBT":1.5,"LQD":1.5,"OOQB":1.5,"FAZ":1.5,"IEI":1.5,"VGLT":1.5,"AGG":1.5},"content_text":"Federal Reserve officials agree that inflation needs to return to the central bank’s 2% annual target. Instead, the war with Iran has sent gas prices soaring, and price increases are starting to spread beyond the gas station. Last month, that prompted Fed officials to raise rates for the first time in three years to cool the economy and bring down inflation.\n    \n\n            Yet this month, even with the inflation picture worsening, the Fed is widely expected to hold rates steady at its Wednesday meeting.\n    \n\n            Would that still be the case if the midterms weren’t just six days away?\n    \n\n            At his 2:30 p.m. press conference Wednesday, Fed Chairman Kevin Warsh is likely to face questions about political pressure if the central bank does keep rates unchanged. The Fed’s independence is a cornerstone of its monetary policy decisions. However, in an election year, that independence inevitably comes under the microscope.\n    \n\n\n\n\n\n\n\n\nFederal Reserve Chairman Kevin Warsh speaks during a news conference on September 16, 2026 in Washington, DC.\n\nAndrew Harnik/Getty Images\n\n\n\n\n\n            Outside of the pandemic, when rates were kept at near-zero levels, the Fed adjusted rates within two months of Election Day in four out of five of the most recent election years.\n    \n\n            In September 2024, for example, the Fed slashed its benchmark interest rate by half a point just six weeks before the presidential election. That marked the start of a cutting cycle as inflation cooled and officials grew concerned about a weakening labor market.\n    \n\n            Meanwhile, leading into the 2022 elections, the central bank pushed out two consecutive three-quarter point hikes, triple the size of the typical rate move, as it battled the worst inflation in almost four decades. And at the meeting after Election Day it announced another hike, this time a smaller half point.\n    \n\n            In 2016, officials didn’t change rates at the two immediate meetings before Election Day and instead hiked rates by a quarter point at the subsequent meeting.\n    \n\n            At that time, then-Philadelphia Fed President Patrick Harker supported a rate hike in September. However, he said he was opposed to hiking at the November meeting that was just six days before the presidential election.\n    \n\n            “What I’m worried about is depending on the outcome of the election and what happens after that, if there are policies that would have distortive effects that we would have to respond to, we’ll have to respond,” Harker said in remarks in October 2016. “And I don’t know which way that will go. But it may be prudent to wait until we have resolved some of that uncertainty.”\n    \n\n            Then-Fed Chair Janet Yellen, though, said the election did not play any role in officials’ decision-making process.\n    \n\n\n\n\n            Leading up to this week’s meeting, Fed officials have signaled that they believe economic conditions don’t warrant another immediate hike and that they would rather wait for more data. That’s because raising rates too early could unnecessarily weaken the economy — for example, by prompting consumers to pull back on spending as borrowing costs rise.\n    \n\n            That measured approach contrasts with President Donald Trump’s demands for lower rates.\n    \n\n            Elected officials, particularly presidents, tend to favor lower interest rates because that makes it cheaper for consumers and businesses to borrow. Trump, whose support has been faltering in recent months as gas prices and other costs have risen, has increased his pressure on the Fed to lower rates.\n    \n\n            Trump tapped Warsh to succeed Fed Chair Jerome Powell after repeatedly criticizing the central bank for not aggressively cutting rates. But Warsh’s first major move as head of the central bank was a rate hike, a decision that many viewed as a sign he wasn’t going to let politics interfere with Fed policy.\n    \n\n            Nonetheless, if the Fed does hold rates steady as expected, Warsh may have to work harder than usual to convince Americans that the political calendar played no part in its decision. (While the Fed chair has considerable power at the Fed, the position represents just one vote on a 12-person committee.)\n    \n\n            “Tightening cannot appear to be a move against the administration, while holding cannot look like accommodation,” EY-Parthenon chief economist Gregory Daco said in a note last week.\n    \n\n            Meanwhile, Bank of America head of US economic research Aditya Bhave noted that since investors expect the Fed to hold rates steady, a hike could now catch markets off guard and trigger further volatility at an already tense time.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.0","shortVersion":"4.52.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2678819614","isCrawlerRequest":true}