I get the feeling that they are trying to smash it out as fast as possible so they can then "triage" for the elections.
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I get the feeling that they are trying to smash it out as fast as possible so they can then "triage" for the elections.
Who's they and what elections? What does "triage" mean?
the FED - US election in 2024 - triage - repair the pain they have caused.
Do you believe the Fed would try to influence the election result?
Absolutely.
The presidential elections are in November 2024. I believe the pivot will come sooner. US CPI is already going down.
Also, all of the current governors were appointed by the current president and Senate. Yet, they've been aggressively tightening despite the potential to benefit the GOP in yesterday's midterms.
https://en.wikipedia.org/wiki/Federal_Reserve_Board_of_Governors
Campaigning for 2024 will start in mid-2023 - they have incredibly long cycles, it is like they hardly spend any time between inauguration and next campaign, doing anything. So yes, it will start sooner.
How could they not have tightened this year with rampant CPI?
These are mid-terms. They are chosen by the president - the next president. If they blow their load now, they will be unable to recover for a run at 2024, where it actually matters.
Four of them have their terms end in the 2030s.