Federal Reserve Chair Jerome Powell insisted on Wednesday, when asked whether the latest “deep” interest rate cut had any “political motivation” given that elections are coming in November, that the United States central bank doesn’t take such things into consideration when making these decisions. “This is my fourth presidential election at the Fed and it’s always the same. We are always going into this meeting in particular and asking what’s the right thing to do for the people we serve. We make a decision as a group and then announce it. It’s never about anything else. Nothing else is discussed,” he underlined. He also reminded the audience that whatever the Fed does, affects the economy with a lag. Powell reiterated that everything done is in the interest of the American people. “We don’t put up any other filters. If you start doing that I don’t know where you’d stop,” he concluded. NN: Its all about the elections and his job. Trump said he would fire his punk ass. Do you remember transitory inflation? Debt is out of control. The Fed balance sheet is all used up. They cannot monetize (print money) the debt because it will crash the dollar. Last option….. after the elections raise rates…