Each campaign has been using their own set of data points to create a favorable economic picture of their time in office. But for many voters, their view of the economy will vary greatly on how they fit into it.
You’re right. I wrote “through the Fed” meaning indirectly. POTUS appoints most of the voting officials and can replace the chair, but there’s no direct control of interest rates.
Biden doesn’t control the fed. It’s an independent entity.
You’re right. I wrote “through the Fed” meaning indirectly. POTUS appoints most of the voting officials and can replace the chair, but there’s no direct control of interest rates.
Can he replace the Fed chair arbitrarily though?
That’s a good question. I just looked it up. It’s possible, but it’s never been done before. So it’s not a realistic option.