People on both sides of the aisle were surprised by the Federal Reserve cutting interest rates by fifty basis points. Is a move this significant a sign the Fed is becoming more political?

On the latest episode of Capitol Gains, Yahoo Finance's Rachelle Akuffo, Washington Correspondent Ben Werschkul, and Senior Columnist Rick Newman discuss what happened at The Federal Reserve and what it means for Vice President Kamala Harris, former President Donald Trump and their respective campaigns.

Werschkul says, “There is a pretty compelling argument that if the Fed wanted to be political - which very few people say are being political - they would have cut sooner. They would have done cuts earlier in the year which would’ve given it more time to trickle through.”

Though there’s no definitive evidence that the cuts are directly affecting either campaign, it’s certainly not hurting the Harris campaign. Newman says, “you are seeing modest improvements in consumer surveys because people know that interest rate cuts are coming…and now they expect interest rates going down.”

To find out more, listen to the full episode of Capitol Gains here.

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This post was written by Lauren Pokedoff.