Fed's Cook Says She Is Prepared to Act Soon if Inflation Does Not Begin to Slow
Lisa Cook said she is prepared to act if disinflation stalls, as half of Federal Reserve officials now expect at least one rate hike this year.
- On Wednesday, Federal Reserve Governor Lisa Cook said she is "prepared to act" if inflation does not soon begin to slow, though she is willing to wait "a bit more time" to observe how inflation unfolds.
- Price pressures from the artificial intelligence investment boom, tariffs, and the U.S. war with Iran drive Cook's concern that inflation risks are now "strongly weighted toward higher inflation" compared to labor market risks.
- Noting that "nearly all indicators point to stability" in the labor market, Cook remains "fully committed to reaching our inflation target" of 2%, viewing employment risks as having diminished significantly.
- Fed Governor Christopher Waller indicated this week the central bank may need to act unless evidence of slower inflation emerges, fueling investor anticipation of a potential rate hike this fall.
- Scheduled for July 28-29, the next Fed policy meeting follows the previous unchanged rates and persistent inflation that has remained above the Fed's objective for five years.
15 Articles
15 Articles
Fed Governor Lisa D Cook Reaffirms 2% Inflation Target as Price Risks Outweigh Employment Concerns
Get latest articles and stories on Business at LatestLY. While the US economy remains resilient, risks have increasingly shifted toward inflation rather than employment, prompting Federal Reserve Governor Lisa D. Cook to reaffirm her commitment to bringing inflation back to the central bank's 2 per cent target, according to a statement by the Federal Reserve. Business News | Fed Governor Lisa D Cook Reaffirms 2% Inflation Target as Price Risks O…
Fed Governor Lisa Cook Warns of Rate Hikes as Inflation Risks Eclipse Job Concerns
Federal Reserve Governor Lisa Cook delivered a pointed message on July 15. She stands ready to push interest rates higher. The reason? Persistent price pressures that refuse to fade. Her remarks, prepared for the Exchequer Club in Washington, mark a clear evolution in thinking. Just a year ago risks tilted toward a softening labor market. Now inflation dangers loom larger. “I see a notable shift in the balance of risks relative to a year or so a…
US Fed official says 'prepared to act' to curb inflation
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OC RegisterFed’s Cook says prepared to act if inflation doesn’t cool
Federal Reserve Governor Lisa Cook said the risk of persistent inflation now outweighs that of a weakening labor market, as the artificial-intelligence build-out and recent supply shocks drive price pressures.
Fed’s Cook Says She’s Prepared to Act If Inflation Doesn’t Cool
Federal Reserve Governor Lisa Cook said the risk of persistent inflation now outweighs that of a weakening labor market, as the artificial-intelligence build-out and recent supply shocks drive price pressures.
Fed's Cook says she is prepared to act soon if inflation does not begin to slow
U.S. Federal Reserve Governor Lisa Cook said on Wednesday she is "prepared to act" if inflation does not soon begin to slow, though she is willing to wait "a bit more time" for that to happen.
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