How did Federal Reserve Governor Lisa Cook vote on the federal funds rate at the July 30, 2025 FOMC meeting, and how did that position contrast with President Trump’s calls for immediate rate cuts?
Explanation
At the July 30, 2025 meeting, Governor Lisa D. Cook voted with Chair Jerome H. Powell and seven other members to maintain the target range for the federal funds rate at 4¼–4½ percent, while Governors...
Sources
- FOMC Meeting Minutes, July 30, 2025 - Federal Reserve
- Trump calls for Fed to cut interest rates, says he knows better - Honolulu Star-Advertiser (Reuters)
- Powell says Fed can wait to reduce interest rates as Trump demands cuts - Reuters
- The Federal Reserve and the Constitution - Southern California Law Review
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