Federal Reserve Governor Lisa Cook unexpectedly voted to raise interest rates by 25 basis points, diverging from the Federal Reserve's decision to maintain rates at 3.75%–4.00%. In a 10–2 vote, Cook joined Cleveland Fed President Beth Hammack in favor of the hike; Hammack has consistently advocated for tighter monetary policy. This marks the first time Cook has voted against an interest rate decision since joining the Federal Reserve in 2022. This dissent comes as President Donald Trump is attempting for a second time to remove Cook from the Federal Reserve Board, following a previous effort that was blocked by the Supreme Court.