How The Fed May Have Just Made It Harder For Democrats To Take The White House

The Federal Reserve’s decision to raise its key interest rate on Wednesday could hurt the Democratic Party’s chances of winning the presidency in 2016 by beginning a process that will slow down the economy. It is hard to believe that the Fed influences voters, given that the vast majority of Americans have no idea who Fed chairwoman Janet Yellen is. But inasmuch as Fed policy weakens or boosts the economy, it can have a big impact on voters’ calculus -- even if they don’t know it. “Th...