"Federal Reserve Mouthpiece": If the Republican Party controls both houses of Congress, the Federal Reserve may revise its basic assumptions in December

ChainCatcher news, "Fed's mouthpiece" Nick Timiraos wrote that Federal Reserve officials are now facing a question of whether the election results will lead to meaningful changes in economic demand or inflation, thus requiring a different policy path.

Timiraos stated that officials will not change their policy stance until they understand the reform proposals of President-elect Trump regarding taxes, tariffs, and immigration. However, if the Republicans also gain control of both houses of Congress, they may begin to revise some fundamental assumptions at the December meeting. (Jin Ten)