Bush for Fed treatment?

As November’s US presidential election draws near, interest grows in how the Federal Reserve is going to balance managing the economy and managing candidate’s demands.

After all, Alan Greenspan is the same Fed chairman who cost Bush senior the election in 1992, isn’t he? And surely the Fed would never raise rates in an election year?

Well, Mickey Levy, Bank of America’s chief economist, has research that disproves that notion. Looking at the elections since 1960 he finds that the Fed has raised rates in six of the 11 and reduced them in five.