Economics

Fed May Defy History With Rates Steady Through 2020 Election

That would be surprisingly rare in a presidential polling year
Powell likely to tell lawmakers policy is in a good place

Fed pause makes sense at the moment, says Wells Fargo’s Henrietta Pacquement.(Source: Bloomberg)

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By Christopher Condon and Rich Miller

November 12, 2019 at 5:00 AM EST

Updated on

November 12, 2019 at 2:17 PM EST

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Federal Reserve Chairman Jerome Powell is likely to signal again this week that monetary policy is on hold, buttressing the belief that he may steer clear of action through 2020.

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