On November 6, according to Jin Shi,"Fed megaphone Nick Timiraos wrote that Fed officials are now facing the question of whether the election results will lead to meaningful changes in economic demand or inflation, requiring different policy paths? Timiraos said officials would not change their policy course until they learned about President-elect Trump's proposed reforms on taxes, tariffs and immigration. But if Republicans also win control of both houses of Congress, they may begin to revise some basic assumptions at the December meeting.