Organization: The Federal Reserve seems unaffected by the election

Analysts at High Frequency Economics stated that between the presidential election day and inauguration day, the Federal Reserve has two meetings, but it is expected to cautiously avoid letting expectations of future White House policies influence its interest rate decisions. The Federal Reserve can only set monetary conditions based on laws and orders from budget or administrative departments. During intense campaign activities, it cannot reformulate policies based on rapidly changing promises. Even by December, the intentions of the winning candidate may become clearer, but these still need to be implemented through congressional legislation or executive orders.