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Fortune
Fortune
Eleanor Pringle

Jerome Powell has been clear Fed decisions have nothing to do with politics. Politicians didn’t get the memo

Jerome Powell Donald Trump Kamala Harris Al Drago Elizabeth Warren JD Vance US Federal Reserve
L-R: Senator Elizabeth Warren, Fed chairman Jerome Powell, and former president Donald Trump. (Credit: L-R: Al Drago/Bloomberg - Getty Images, Al Drago/Bloomberg - Getty Images, Michael Ciaglo - Getty Images.)

Try as he might to extract himself from politics, Federal Reserve chair Jerome Powell just keeps getting dragged into the conversation.

And yesterday's decision by the Fed's FOMC (Federal Open Market Committee) to lower the baseline interest rate did nothing to change that situation.

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