Federal Reserve Governor Lisa Cook delivered her first public remarks Monday since President Donald Trump announced her dismissal in August, citing allegations of mortgage fraud that remain unproven in court.
Fed's Lisa Cook said she sees the risk of further labor-market weakness as greater than the risk that inflation will pick up, but stopped short of endorsing another interest-rate cut next month https://t.co/eEnr373GDN
— Bloomberg (@business) November 3, 2025
Cook, appointed by former President Joe Biden, has sued Trump, setting up a Supreme Court case next year that could redefine presidential authority over the central bank.
Speaking at an event in Washington, D.C., Cook said interest rates remain “modestly restrictive” but appropriate, reaffirming her commitment to the Fed’s 2% inflation target.
She warned of labor market strains, including rising Black unemployment, while emphasizing the need to maintain price stability.
Fed Governor Lisa Cook, in first policy speech since Trump suit, says she's undecided on Dec. rate cut https://t.co/7PEqC2fP7P
— CNBC (@CNBC) November 3, 2025
Her remarks come amid deep divisions inside the Fed. Some officials argue for more rate cuts to protect jobs, while others warn of renewed inflation tied to Trump’s tariffs.
Cook said the economic outlook remains uncertain, with every meeting “a live meeting.”
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TIPP Staff
