Margaret M. Jacobson

In their time

Meetings by Chair

Powell1Warsh1

Policy rate

4.25–4.5% → 3.5–3.75%

−75 bp · Jul 2025 – Jun 2026

Rate moves

0 hikes · 0 cuts

2 holds at their meetings

Dissents witnessed

2

at 1 of 2 meetings

Unanimous

50%

1 of 2 meetings

Recessions

0

2025–2026

US presidents

1

Trump

In the room

• Senior Economist, Division of Monetary Affairs, Board2 meetingsJul 29–30, 2025 – Jun 16–17, 2026