US EditionUS Fed Governor Lisa Cook Warns Inflation to Stay 'Elevated' Next Year
Fed Governor Lisa Cook warns tariffs delay inflation easing and pledges readiness to act if pressures persist despite expectations of temporary cost impacts.
- On Monday, US Federal Reserve Governor Lisa Cook warned at the Brookings Institution, Washington that inflation will remain elevated for the next year as she addressed economic risks.
- Her outreach to business leaders showed that the pass-through of tariffs to consumer prices is not yet complete, and companies are running down inventories at lower prices before raising costs, Cook said.
- Pointing to policy risks, Cook warned tariff effects should be largely one-off but cautioned a persistent risk remains; the story headline states Cook said `be prepared to act forcefully`.
- Cook, who is the first Black woman on the Fed's board, said legal pressure from President Donald Trump to remove her was blocked by the Supreme Court, with oral arguments scheduled for January.
- The Fed's two percent target frames policy as officials balance higher inflation against a weakening labor market ahead of the December 9 Federal Reserve meeting.
35 Articles
35 Articles
US Fed governor Lisa Cook warns inflation to stay 'elevated' next year
WASHINGTON: A key US central bank official warned on Monday (Nov 3) that inflation would likely remain elevated in the coming year as tariffs bite, while vowing to fulfil her duties even as President Donald Trump
US Fed’s Cook warns inflation to stay ‘elevated’ next year
A key US central bank official warned Monday that inflation would likely remain elevated in the coming year as tariffs bite, while vowing to fulfill her duties even as President Donald Trump seeks her removal. "My outreach to business leaders suggests that the pass-through of tariffs to consumer prices is not yet complete," Federal Reserve
US Fed governor Lisa Cook warns inflation to stay ‘elevated’ next year
Trump had moved in August to fire Cook over allegations of mortgage fraud, although the Supreme Court has barred the president from immediately ousting her. The court awaits oral arguments in January, allowing Cook to remain in her post at least until the case is heard. Cook is the first Black woman on the Fed’s powerful board of governors, and her case is set to have broader ramifications for the independent central bank. On Monday, she added t…
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