I estimate various backward-looking and forward-looking Taylor rules augmented with variables that indicate proximity to an election and whether the Fed Chair and the majority of a chamber of Congress share the same political party affiliation to investigate whether Congress has influenced Federal Reserve policy from 1961 to 2020. I find that the Fed is susceptible to pressures from the Senate. In line with previous work, left-leaning politicians exhibit a higher tolerance for inflation. This results in the federal funds rate being lower by about 2.35 points when the Democratic party has a Senate majority. Second, while I find some evidence that the House and the Fed Chair sharing partisan affiliation results in tighter policy, this result is not robust to alternative measures of inflation. Finally, I find persuasive evidence that Congressional pressures on the Fed do not create a political monetary cycle around elections.

Resident Population in Independence County, AR was 38.34500 Thous. of Persons in January of 2024, according to the United States Federal Reserve. Historically, Resident Population in Independence County, AR reached a record high of 38.34500 in January of 2024 and a record low of 22.72300 in January of 1970. Trading Economics provides the current actual value, an historical data chart and related indicators for Resident Population in Independence County, AR - last updated from the United States Federal Reserve on August of 2025.

Number of Private for All Industries in Independence County, AR was 882.00000 Establishments in October of 2024, according to the United States Federal Reserve. Historically, Number of Private for All Industries in Independence County, AR reached a record high of 887.00000 in April of 2008 and a record low of 677.00000 in April of 1990. Trading Economics provides the current actual value, an historical data chart and related indicators for Number of Private for All Industries in Independence County, AR - last updated from the United States Federal Reserve on July of 2025.

Civilian Labor Force in Independence County, AR was 18188.00000 Persons in May of 2025, according to the United States Federal Reserve. Historically, Civilian Labor Force in Independence County, AR reached a record high of 18362.00000 in July of 1999 and a record low of 15147.00000 in August of 2014. Trading Economics provides the current actual value, an historical data chart and related indicators for Civilian Labor Force in Independence County, AR - last updated from the United States Federal Reserve on August of 2025.

U.S. Granted Utility Patents Originating in Independence County, AR was 3.00000 Number in January of 2015, according to the United States Federal Reserve. Historically, U.S. Granted Utility Patents Originating in Independence County, AR reached a record high of 3.00000 in January of 2014 and a record low of 0.00000 in January of 2000. Trading Economics provides the current actual value, an historical data chart and related indicators for U.S. Granted Utility Patents Originating in Independence County, AR - last updated from the United States Federal Reserve on July of 2025.

Income Inequality in Independence County, AR was 15.11504 Ratio in January of 2023, according to the United States Federal Reserve. Historically, Income Inequality in Independence County, AR reached a record high of 15.11504 in January of 2023 and a record low of 12.07515 in January of 2019. Trading Economics provides the current actual value, an historical data chart and related indicators for Income Inequality in Independence County, AR - last updated from the United States Federal Reserve on July of 2025.

Per Capita Personal Income in Independence County, AR was 47318.00000 $ in January of 2023, according to the United States Federal Reserve. Historically, Per Capita Personal Income in Independence County, AR reached a record high of 47318.00000 in January of 2023 and a record low of 2512.00000 in January of 1969. Trading Economics provides the current actual value, an historical data chart and related indicators for Per Capita Personal Income in Independence County, AR - last updated from the United States Federal Reserve on July of 2025.

Poverty Universe, All Ages for Independence County, AR was 37002.00000 Persons in January of 2023, according to the United States Federal Reserve. Historically, Poverty Universe, All Ages for Independence County, AR reached a record high of 37002.00000 in January of 2023 and a record low of 33247.00000 in January of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for Poverty Universe, All Ages for Independence County, AR - last updated from the United States Federal Reserve on July of 2025.

Estimate of People of All Ages in Poverty in Independence County, AR was 5006.00000 Persons in January of 2023, according to the United States Federal Reserve. Historically, Estimate of People of All Ages in Poverty in Independence County, AR reached a record high of 7684.00000 in January of 2011 and a record low of 4627.00000 in January of 1989. Trading Economics provides the current actual value, an historical data chart and related indicators for Estimate of People of All Ages in Poverty in Independence County, AR - last updated from the United States Federal Reserve on July of 2025.

Disconnected Youth (5-year estimate) for Independence County, AR was 8.66% in January of 2023, according to the United States Federal Reserve. Historically, Disconnected Youth (5-year estimate) for Independence County, AR reached a record high of 14.00 in January of 2012 and a record low of 2.51 in January of 2018. Trading Economics provides the current actual value, an historical data chart and related indicators for Disconnected Youth (5-year estimate) for Independence County, AR - last updated from the United States Federal Reserve on July of 2025.

Unemployment Rate in Independence County, AR was 3.10% in January of 2024, according to the United States Federal Reserve. Historically, Unemployment Rate in Independence County, AR reached a record high of 8.90 in January of 2011 and a record low of 3.10 in January of 2024. Trading Economics provides the current actual value, an historical data chart and related indicators for Unemployment Rate in Independence County, AR - last updated from the United States Federal Reserve on July of 2025.

Estimated Percent of People Age 0-17 in Poverty for Independence County, AR was 18.10% in January of 2023, according to the United States Federal Reserve. Historically, Estimated Percent of People Age 0-17 in Poverty for Independence County, AR reached a record high of 29.10 in January of 2009 and a record low of 17.90 in January of 1989. Trading Economics provides the current actual value, an historical data chart and related indicators for Estimated Percent of People Age 0-17 in Poverty for Independence County, AR - last updated from the United States Federal Reserve on July of 2025.

All-Transactions House Price Index for Independence County, AR was 213.06000 Index 2000=100 in January of 2024, according to the United States Federal Reserve. Historically, All-Transactions House Price Index for Independence County, AR reached a record high of 213.06000 in January of 2024 and a record low of 66.80000 in January of 1987. Trading Economics provides the current actual value, an historical data chart and related indicators for All-Transactions House Price Index for Independence County, AR - last updated from the United States Federal Reserve on July of 2025.

Estimate of Median Household Income for Independence County, AR was 59695.00000 $ in January of 2023, according to the United States Federal Reserve. Historically, Estimate of Median Household Income for Independence County, AR reached a record high of 59695.00000 in January of 2023 and a record low of 20862.00000 in January of 1989. Trading Economics provides the current actual value, an historical data chart and related indicators for Estimate of Median Household Income for Independence County, AR - last updated from the United States Federal Reserve on July of 2025.

Poverty Universe, Age 5-17 related for Independence County, AR was 6722.00000 Persons in January of 2023, according to the United States Federal Reserve. Historically, Poverty Universe, Age 5-17 related for Independence County, AR reached a record high of 6722.00000 in January of 2023 and a record low of 5476.00000 in January of 2008. Trading Economics provides the current actual value, an historical data chart and related indicators for Poverty Universe, Age 5-17 related for Independence County, AR - last updated from the United States Federal Reserve on July of 2025.

Unemployed in Independence County, AR was 520.00000 Persons in April of 2025, according to the United States Federal Reserve. Historically, Unemployed in Independence County, AR reached a record high of 1840.00000 in April of 2020 and a record low of 409.00000 in November of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for Unemployed in Independence County, AR - last updated from the United States Federal Reserve on July of 2025.

Premature Death Rate for Independence County, AR was 716.90000 Rate per 100,000 in January of 2020, according to the United States Federal Reserve. Historically, Premature Death Rate for Independence County, AR reached a record high of 716.90000 in January of 2020 and a record low of 495.60000 in January of 2007. Trading Economics provides the current actual value, an historical data chart and related indicators for Premature Death Rate for Independence County, AR - last updated from the United States Federal Reserve on July of 2025.

Percent of Population Below the Poverty Level (5-year estimate) in Independence County, AR was 19.60% in January of 2023, according to the United States Federal Reserve. Historically, Percent of Population Below the Poverty Level (5-year estimate) in Independence County, AR reached a record high of 23.70 in January of 2013 and a record low of 15.20 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Percent of Population Below the Poverty Level (5-year estimate) in Independence County, AR - last updated from the United States Federal Reserve on July of 2025.

Estimate of Related Children Age 5-17 in Families in Poverty for Independence County, AR was 1178.00000 Persons in January of 2023, according to the United States Federal Reserve. Historically, Estimate of Related Children Age 5-17 in Families in Poverty for Independence County, AR reached a record high of 1595.00000 in January of 2012 and a record low of 972.00000 in January of 1989. Trading Economics provides the current actual value, an historical data chart and related indicators for Estimate of Related Children Age 5-17 in Families in Poverty for Independence County, AR - last updated from the United States Federal Reserve on July of 2025.

Age-Adjusted Premature Death Rate for Independence County, AR was 550.00000 Rate per 100,000 in January of 2020, according to the United States Federal Reserve. Historically, Age-Adjusted Premature Death Rate for Independence County, AR reached a record high of 550.00000 in January of 2020 and a record low of 403.70000 in January of 2019. Trading Economics provides the current actual value, an historical data chart and related indicators for Age-Adjusted Premature Death Rate for Independence County, AR - last updated from the United States Federal Reserve on July of 2025.