Federal Reserve Messenger: If Republicans Control Both Houses of Congress, Fed May Change Basic Assumptions in December

Odaily Planet Daily News - Nick Timiraos, the voice of the Federal Reserve, wrote that Fed officials are now facing a question: will the election results lead to meaningful changes in economic demand or inflation, requiring different policy paths? Timiraos stated that officials will not change their policy direction until they understand President elect Trump's reform proposals on taxes, tariffs, and immigration. But if the Republican Party also wins control of both houses of Congress, they may start modifying some basic assumptions at the December meeting. (Golden Ten)