I've been skeptical that Biden would get the same Fed policy benefits that most incumbents receive, but we're getting towards election season and soon we'll find out what they're going to do. Plus, many of the normal economic indicators suggest the Fed should be cutting interest rates anyway, so it wouldn't necessarily just be an attempt to help the sitting president.
Will Powell’s Pivot Bail Out Biden?
By Tho Bishop
"With a doveish pivot, Jerome Powell is declaring victory over inflation. It would be extraordinarily naive to ignore the influence of next year’s presidential election on the Fed’s new outlook."