WASHINGTON -- The Federal Reserve's dramatic move to push interest rates lower late last week was in part a preemptive strike aimed at discouraging the White House and Congress from trying to enact a "quick-fix" economic stimulus package next year, some analysts say.

"The Fed wants to send the message that they will do what they need to keep the recovery alive, and it is not necessary for Congress to engage in silly fiscal games" during an election year, said Jeremy Gluck, an economist with Mitsubishi Bank.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.