Expert Insights: Unpacking the Fed’s Economic Outlook for the 2020 Elections

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In February, the economy was booming, inflation was low, and the S&P 500 was breaking new records on a regular basis. The Federal Reserve was considering making significant interest rate cuts, which sparked discussions among experts about how many cuts could occur before Election Day. At that time, Fed Chair Jerome Powell expressed his optimism about the state of the economy by saying, “Let’s be honest, this is a strong economy.”