Fed Thoughts

Fed Thoughts: A Soundtrack to the Upcoming FOMC Meeting

Fed Thoughts White Paper
July 2025

Authors & Contributors

Members of the Federal Open Market Committee enter their July meeting facing mounting pressure from the Trump Administration to cut rates, while facing uncertainty around the results of policies that the administration is proposing to implement. 

We explore the soundtrack that underscores the Federal Reserve’s (Fed’s) current position—songs that describe where they are and where they are likely to end up.