Federal Reserve Governor Lisa Cook Says No Rate Cut Until Inflation Shows Sustainable Progress to 2 Percent Target
Federal Reserve Governor Lisa Cook PE:[Lisa Cook] stated she will not support another interest-rate cut until inflation shows stronger evidence of moving sustainably toward the Fed's 2 percent target, signaling a near-term pause in monetary easing.
Federal Reserve Governor Lisa Cook lisa cook announced that she will not support another interest-rate cut until she sees stronger evidence that inflation is moving sustainably back toward the Federal Reserve's 2 percent target. The statement signals a pause in further monetary easing and carries immediate implications for the Board of Governors of the Federal Reserve System's near-term policy stance and financial market expectations about future rate reductions.
