How Will Interest Rate Cut Impact Election? Here’s What To Know As Fed Makes First Cut Since 2020

The Federal Reserve announced its first interest rate cut in four years Wednesday, one of its most consequential decisions in recent memory, a move likely to be panned by former President Donald Trump and celebrated by Vice President Kamala Harris.

Interest rates can become a hot-button issue around elections, considering lower rates are a much more popular policy as they can boost personal finances with cheaper mortgages and lower interest on student and small business loans.