Fed's Cook 'Prepared to Act' on Rates If Inflation Doesn't Slow
Federal Reserve Governor Lisa Cook has signaled the Fed's willingness to take further action on interest rates if inflation fails to moderate toward the central bank's target. Cook emphasized that prolonging elevated inflation makes it increasingly difficult to control, underscoring the urgency of addressing price pressures.
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Fed's Cook 'Prepared to Act' on Rates If Inflation Doesn't Slow
Federal Reserve Governor Lisa Cook has signaled the Fed's willingness to take further action on interest rates if inflation fails to moderate toward the central bank's target. Cook emphasized that prolonging elevated inflation makes it increasingly difficult to control, underscoring the urgency of addressing price pressures.
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