How Presidential Elections Influence The Federal Reserve

Inflation is top of mind for voters heading into 2024's election. That could make the Federal Reserve subject to pressure from politicians. The Fed has held interest rates at restrictive levels as incumbent President Joe Biden touts his economic performance. During his time in office former President Donald Trump criticized the Fed for restricting economic growth. This puts the Fed in an uncomfortably political position as it attempts to bring annual inflation closer to its target of 2%.

Chapters:
0:00-01:30 Cold Open
01:30-04:00 Chapter 1 - The Fed's independence
04:00-06:48 Chapter 2 - Political Pressure
06:48-09:57 Chapter 3 - The 2024 election

Produced and Edited by: Carlos Waters
Supervising Producer: Lindsey Jacobson
Animation: Mallory Brangan
Editorial Support: Jeff Morganteen
Additional Footage: Getty Images, Richard Nixon Presidential Library, University of Virginia, White House
Additional Sources: Bureau of Economic Analysis, Federal Reserve Bank of Richmond, Federal Reserve Bank of San Francisco, Federal Reserve Bank of St. Louis, National Archives, University of California Santa Barbara, University of Virginia, U.S. Senate Committee On Banking, Housing and Urban Affairs

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How Presidential Elections Influence The Federal Reserve

[JeffKeller-utgc]

I want to say thank you to the guy in the comments who recommended unimantic to me. You've been very helpful. Thank you.

[Ayo]

I recommend the audiobook, 'The End of Alchemy' for anybody interested in monetary policy

[Ayo]

In March 2021, the federal government spent $1 trillion in one month. That’s when the NFT craze, the cryptocurrency craze, and the bubble really started to happen.

[russellhurley]

you are by far the best person explaining binary options! Thank you for putting these videos together. I look forward every week to see your videos!

[handymamclt]

Wow you guys released this right before the FOMC meeting 🤣🤣

[nehulbhakta]

Geopolitical situations always hurdles, creating many uncertainties, challenges and need to be aware of it.

[mikebostic]

Broken supply chains

Energy prices up due to war in Ukraine

Sellers inflation due to firms taking advantage of supply shocks via deliberate price increases

You forgot to mention those factors too sir.

[Continentalmunkey]

1:53 however, quarter-to-quarter corp state impediency <emoji-state>

[Ayo]

Remember, four years ago “We have a lot of room to run” with PBS

[RXI]

Ron Paul is right about the Federal Reserve

[Jason-fmmy]

Jeez, Chillout, it's been a hot minute since the rate changed.

[johnnyjttaylor]

I should of known .. trumps image would be mentioned..the word INFLUENCE is something that THIS NETWORK knows All about!!

[VeronikaSitnikova-nyzg]

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[champan]

The real question is if September warrants any Fed actions, will the Fed delay it to November or December to make itself look like not interfering

[thanosianthemadtitanic]

the real question is what has been causing the record high inflation. What has changed since 2020? surley not the wars or famine.

[tjm]

There is no such thing as independent institution in the world period.

[IdanZ-xy]

We need to lower the damn interest a lot. Its hurting the privet sector a ton! Much more than the fake 4.1 percent unemployment !

[timeglisky]

The FED affects our well-being. Why keep this out of politics?

[factspeaker]

Ah man CNBC I came here for information not propaganda, silly me. You guys are absolute jokes, shame on you.

[juicypickle]

The presidents and Congress appoints the fed chairs… don’t need to say anything else.