FWDBONDS chief economist Chris Rupkey said Fed governor Cook's rare dissent on the rate decision could reflect displeasure with the Trump administration's legal action. Rupkey said: "Fed governors rarely vote against decisions — after all, they work

2026-10-29

FWDBONDS chief economist Chris Rupkey said Fed governor Cook's rare dissent on the rate decision could reflect displeasure with the Trump administration's legal action. Rupkey said: "Fed governors rarely vote against decisions — after all, they work in the same building as the chair. This vote may be a protest, because the Trump administration is taking steps trying in some way to force Cook to resign."