Tucker Carlson: Is The Fed Lowering Rates To Get Biden Reelected? (VIDEO)

(Congress Report) – During the latest edition of former Fox News host Tucker Carlson’s streaming program — featured on social media outlet X — he wondered if the Fed might be trying to lower rates in order to help President Joe Biden successfully win a second term in the White House, or if the reason for what they are doing is actually more sinister than that. Jeffrey Gundlach appeared on the show and provided an answer.

According to The Hill, “A key holdover from the Trump presidency could give President Biden a huge boost as he seeks reelection. Federal Reserve Chair Jerome Powell looks to be on the cusp of pulling off a ‘soft landing’ of the economy, after inflation roared to a four-decade high last year. The Fed’s series of interest rate increases, which began in March 2022, have helped pull inflation down to just 3.1 percent from a high of 9.1 percent. But they have done so without throwing the economy into recession — at least so far.”

Powell then provided a warning on Wednesday, saying it was “far too early to declare victory” in the battle on inflation. As of this writing, the inflation rate is still higher than the Fed’s target of 2 percent. However, the projections by the Fed state there will be three new rate cuts just this year. During a press conference, Powell asserted the central bank was very much aware of the risk that “we would hang on too long” without taking action to lower the rates.

“Those comments came as the Fed held interest rates steady — a decision that helped propel the Dow Jones Industrial Average to its first ever close above 37,000. Rate cuts next year would make homes more affordable, ease the purchase of other big-ticket items like cars, and make credit card debt less burdensome — all factors that could boost public sentiment on the economy and help the president,” The Hill noted.

Is the Fed lowering rates to get Joe Biden reelected, or is the truth actually much scarier than that? Jeffrey Gundlach explains. pic.twitter.com/2Sko3CFRp9

— Tucker Carlson (@TuckerCarlson) January 2, 2024

“So far, a strong jobs record for Biden has not been enough to overcome public pain about rising prices. An Economist/YouGov poll released Wednesday showed just 39 percent of Americans approve of Biden’s performance on the economy while 52 percent disapproved,” the piece added.

Severe damage has been done to the economy by policies of the president since taking over the Oval Office back in 2021. It’s been one hit after the other for the American people who are once again back to living paycheck to paycheck. Left-wing economics do not work. It’s time we stopped trying the same thing over and over again, expecting different results.

“Democrats and Republicans fell along predictable lines on that question, but independent voters broke almost 2-to-1 against Biden on the economy, with 57 percent disapproving and just 30 percent approving. Those numbers are a heavy millstone around the president’s chances of winning a second term. But a soft landing could change everything,” the report divulged.

Mark Zandi, who works as the head honcho economist for Moody’s Analytics, remarked that a scenario where a soft landing occurs would be very good for the president.

“Markets will be up, mortgage rates will be down, housing affordability will improve. So it is all good news,” he continued.

“A year ago economists thought there was a 100 percent chance of a recession and now the Fed is signaling we are going to have three rate cuts, possibly next year, and that’s on the back of a strong GDP report and strong employment numbers,” Brendan Duke, the senior director for economic policy at the liberal Center for American Progress went on to proclaim.

“When it comes to how Americans feel about the economy, these rate cuts have been sort of the missing piece,” Duke said. “They are going to unlock a rising stock market and lower mortgage rates.”

The left will do anything it takes to get Biden in office for a second term, as it will ensure access to the White House regardless of whether or not he is able to discharge the duties of the president. If Joe Biden is not capable due to declining health, they will have a vice president who can take over. Every strategy known to man is being deployed to try and prevent another Trump administration.

Here’s to hoping they fail miserably.