RE:RE:RE:It wouldn't put It would not surprise me in the least if the FED was reducing oil prices through any number of options available to them just as I am sure they are manipulating gold and their dollar but, "reducing inflation and containing prices" is well within their mandate and part of their job under any administration. I am not sure if Powell is politically incentivized to aid the Biden administration over a future trump administration in an election year, but I would be. ;-)
GLTY and all
VeritasVern wrote: Actually that is not necessarily true. We have seen in the past that when OPEC has announced production cuts and/or plans to extend them, the market sold off rather sharply. It was immediately after their announcement so it was more of a - screw you we control the markets, not you. The question is who would short the market in that scenario? Political interference to contain prices and reduce inflation, especially in an election year is one really good reason.