Fed rate cut on collision course with 2024 election politics  ...Middle East

The Federal Reserve is set to cut interest rates by at least a quarter of a percentage point Wednesday, putting the politically independent agency in the crosshairs of a heated election in which inflation and economic pains have been central issues. Fed Chair Jerome Powell has taken blows from both sides of the aisle for months. Some Democrats, including Sen. Elizabeth Warren (Mass.), have pushed for aggressive rate cuts, while former President Trump has accused Powell — the longtime Republican he appointed in 2017 — of potentially cutting rates to help Democrats in the 2024 election. Skanda Amarnath, executive director of Employ America and former analyst at the New York Fed, ultim

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