We Still Don't Know Who Will Vote On Interest Rates Next Week

Core Points - The Federal Open Market Committee is set to vote on lowering the Federal Reserve's key interest rate next Tuesday, with uncertainty surrounding the committee's composition [2][8] - Fed Governor Lisa Cook, who was fired by President Trump, has been reinstated by a court ruling, allowing her to continue her role while her case is ongoing [3] - President Trump is attempting to fill a vacancy on the Fed's board created by Adriana Kugler's resignation, with Stephen Miran nominated to replace her [4] Pressure for a Rate Cut - The control of the 12-person committee that sets the fed funds rate is at stake, which influences borrowing costs across various loans [5] - High interest rates have been criticized by President Trump, who argues they hinder economic growth and increase government interest payments on national debt [6] - Concerns have arisen among economists that the Fed may lower interest rates due to presidential pressure rather than economic necessity, raising questions about the Fed's independence [7]