A look back at history throws cold water over suggestions that the Fed tends to alter its behaviour ahead of Presidential elections. Nonetheless, with political hostility towards the Fed currently high and the possibility that the Fed may want to keep its powder dry in case the US hits a fiscal cliff in early 2013, the Fed may be less inclined to change policy before this November’s election.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services