Lisa Cook says Fed could raise rates to fight inflation
Federal Reserve Governor Lisa Cook says she is prepared to raise rates if inflation persists. She cited price pressures from the Iran war and AI investment.
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United States Federal Reserve Governor Lisa Cook said Wednesday she feels the U.S. central bank should hold short-term interest rates steady for now if inflation persists. Cook cited upward price pressure from tariffs, the conflict in Iran, and a surge in artificial intelligence investment. Her hawkish stance signals a potential policy rift with new Fed Chair Kevin Warsh as energy costs remain elevated.
