Will the Fed factor in Trump's fiscal policy plans at its December meeting?

Will the Fed factor in Trump's fiscal policy plans at its December meeting?

Investing.com - At a press conference following the Federal Reserve's decision to slash interest rates by 25 basis points last week, Chair Jerome Powell noted that the potential economic policies of the incoming Trump administration would not impact"near term" decisions made by the central bank.

They said that meeting had a"number of parallels to this year, with President Trump set to take the White House and promising dramatic shifts in the economic policy landscape." Last week, Powell flatly rejected notions that Trump could dismiss him from his post, telling reporters that he would not resign if asked to by the upcoming administration. Powell would also likely lodge a legal challenge to any attempt to oust him before his term comes to a close, the WSJ reported.

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