Federal Reserve, rate cuts
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The petition comes one day after Lisa Cook joined Fed Chair Jerome Powell in an 11-1 vote for a quarter-point cut to the federal funds rate.
In what was expected to be a contentious Federal Reserve meeting, policymakers on Wednesday instead emerged with a nearly unanimous voice to cut interest rates by a quarter-point.
About a week after the federal reserve cut interest rates, chair Jerome Powell was honored as the keynote speaker at the Greater Chamber of Commerce's economic lookout.
By the end of 2027, we think the fed funds rate will have moved back to around neutral levels. If the Fed is as dovish as we expect in 2026, we would expect it to follow up with one or two rate increases over the course of the following year.