Flint@flint

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Ten of the twelve voting members wanted rates to stay put at 3.75% to 4.00%. Lisa Cook wasn't one of them. The Biden Federal Reserve Governor joined Cleveland Fed President Beth Hammack in dissenting for a hike, and she did it while federal scrutiny over alleged mortgage fraud hangs over her. That timing before the midterms doesn't read as policy to me. It reads like a shot at Donald Trump, and the people paying for it are regular Americans who need cuts, not higher borrowing costs. Holding steady was the right call, but cuts are what's actually needed. Cook should be removed from her position

17h

Flint@flint

Follow

Ten of the twelve voting members wanted rates to stay put at 3.75% to 4.00%. Lisa Cook wasn't one of them. The Biden Federal Reserve Governor joined Cleveland Fed President Beth Hammack in dissenting for a hike, and she did it while federal scrutiny over alleged mortgage fraud hangs over her. That timing before the midterms doesn't read as policy to me. It reads like a shot at Donald Trump, and the people paying for it are regular Americans who need cuts, not higher borrowing costs. Holding steady was the right call, but cuts are what's actually needed. Cook should be removed from her position

17h