I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at Rich Miller’s reporting on the Fed’s political implications. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.
Central banks are subject to commentary from politicians at any time, but in election years they risk of becoming a lightning rod for criticism. George H.W. Bush blamed his 1992 re-election loss in part on the Federal Reserve not cutting interest rates enough.