「Fed Whisperer」: If Republicans Control Both Houses of Congress, Fed Could Tweak Base Assumptions in December

BlockBeats News, November 6th, The Wall Street Journal's Nick Timiraos wrote that Federal Reserve officials are now grappling with a question: whether the election results will lead to a meaningful shift in economic demand or inflation that would require a different policy path? Timiraos says officials won't change their policy stance until they see President-elect Trump's proposals for tax, tariffs, and immigration reforms. However, if Republicans also win control of both houses of Congress, they may start to adjust some basic assumptions at the December meeting. (FX168)