"New Fed Communicator": Whether to Cut Rates or Not, the Fed Will Inevitably Be Dragged into the US Presidential Election

Nick Timiraos stated that the Fed's actions can change economic outcomes, which can indirectly have significant political consequences. The conflicts brought by the US presidential election could put the Fed in a dilemma. Cutting rates before the election might anger Republicans and former President Trump, but not doing necessary cuts could hurt the economy and displease Democrats.