https://www.zerohedge.com/economics/jobs-report-reveals-federal-reserve-election-interference

<snip - but good reading>

Yet the newly minted Warsh Fed hiked rates in September into the teeth of an oil shock, breaking the Greenspan-Bernanke-Navarro rule: watch the second-round effects of an energy spike before you attack the first round.

This jobs report is the second-round evidence. There is no demand-side inflation for a rate hike to cure, and NOTHING in Friday's report offers a reason to tighten again in October.

Which raises the question: who is really running the Fed?The Trump-appointed chairman, who certainly must know better than to hike rates now? Or is Warsh leading from behind, appeasing a group of partisan anti-Trump Fed governors?

Remember that on September 18, 2024 - 48 days before Election Day - the Fed cut the federal-funds target by 50 basis points, from 5.25-5.50 percent to 4.75-5.00 percent. It was the first rate cut since March 2020. It was larger than the quarter-point move most forecasters expected, andit was a blatant attempt to help a hapless Kamala Harris beat Donald John Trump.

Now the Fed is interfering again, this time in the midterm elections. The September 16 hike has come again 48 days before Election Day - the same 48 days as in 2024. How other than politics do you explain a Fed rate hike on the eve of an election unsupported by the data and in flagrant violation of the Greenspan-Bernanke-Navarro rule?

There, I said it. And it damn well needs to be said.

Navarro: The Jobs Report Reveals Federal Reserve Election Interference

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Related comment from a different site.

I thought it was common knowledge and a foregone conclusion The Fed uses interest rates for election interference.

The Fed is much like the IC. They work for the globalist capital class and against the working / middle / small business class.