Fed's Cook 'Prepared to Act' on Rates If Inflation Doesn't Slow

🇺🇸 Bloomberg (US) —

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Federal Reserve Governor Lisa Cook expressed readiness to act on interest rates if inflation does not slow down. She emphasized that prolonged elevated inflation would complicate efforts to control it during remarks at an event in Alaska.

Federal Reserve Governor Lisa Cook cautions that the longer inflation remains above the central bank’s goal, the tougher the job will be to rein it in during remarks at an event in Alaska. (Source: Bloomberg)

Politics Markets Federal Reserve inflation interest rates economic policy Lisa Cook Alaska

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