Back to today’s briefing

Story perspectives

Fed Governor Cook Defends Role Amid Trump's Threat

11/3/2025

42 5

Summary

Story summary

Lisa Cook, Federal Reserve Governor, spoke on November 3, 2025, after U.S. President Donald Trump sought to fire her.
Cook is the first Black woman in the role and faces a landmark case on presidential power.
Cook highlighted the need to control inflation, which remains above the 2% target, with rising Black unemployment.
Fed officials remain divided on policy, with some urging rate cuts and others warning of persistent inflation.

1 of 1

Story summary

Lisa Cook, Federal Reserve Governor, spoke on November 3, 2025, after U.S. President Donald Trump sought to fire her.
Cook is the first Black woman in the role and faces a landmark case on presidential power.
Cook highlighted the need to control inflation, which remains above the 2% target, with rising Black unemployment.
Fed officials remain divided on policy, with some urging rate cuts and others warning of persistent inflation.