Fed for Obama? - “It really is interesting that it is happening right now before an election”

Republicans question whether Fed carrying water for Obama

By Peter Schroeder and Erik Wasson

The increasing likelihood of a new Federal Reserve effort to boost the economy has some Republicans questioning whether the central bank is trying to help President Obama win reelection.

Congressional Republicans, wary of the Fed’s recent efforts to stimulate the recovery, said Wednesday that the its political independence could be jeopardized if officials embark on another round of stimulus so close to Election Day.

“It really is interesting that it is happening right now before an election,” said Rep. Raul Labrador (R-Idaho). “It is going to sow some growth in the economy, and the Obama administration is going to claim credit.”

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Read more: thehill.com