Cook Signals Readiness to Hike Rates if Inflation Persists
TL;DR
Fed Governor Lisa Cook says inflation remains too high and she’s prepared to act by raising rates if it fails to cool, even after last week’s hold; she warns the Fed cannot wait if inflation doesn’t continue to ease, signaling possible action as soon as September or October, with Kashkari also arguing for higher rates.
Topics:businesseconomics#economics#federal-reserve#inflation#interest-rates#lisa-cook#monetary-policy
- Fed Governor Cook says she's 'prepared to act' on rate hike to address inflation CNBC
- Fed's Cook ready to raise rates if inflation doesn't start easing Reuters
- Federal Reserve’s Lisa Cook tells Anchorage business crowd she’s ‘firmly committed’ to bringing down inflation Anchorage Daily News
- Fed’s Cook Says Ready to Raise Rates If Inflation Doesn’t Cool Bloomberg.com
- NY Fed President: Central Bank Is Prepared to Act if Inflation Doesn’t Hit 2% themortgagepoint.com
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