Powell says pending election has no impact on interest rate decisions

Federal Reserve Chair Jerome Powell doubled down on the agency's commitment to political neutrality after inflation rates remain unchanged Wednesday. "There's a significant difference between an institution that takes into account all sorts of political events and one that doesn't," Powell said. "We just don't do that." READ MORE: https://www.politico.com/news/magazine/2024/05/01/fed-rates-powell-2024-election-00155268