Fed Governor Lisa Cook Warns She’ll Back Rate Hikes If Inflation Stays Hot
Federal Reserve Governor Lisa Cook stated she is prepared to support raising interest rates if inflation does not show signs of improvement, citing concerns that persistently high inflation could become entrenched. While acknowledging a recent dip in energy prices, she cautioned against overreacting to single data points and highlighted ongoing pressures from tariffs, energy supply shocks, and AI buildouts. Cook indicated that the central bank does not have the luxury of waiting if disinflationary trends do not continue.
- Entities
- Topic: Inflation
- Person: Lisa Cook
- Topic: Interest Rates
- Person: Neel Kashkari
- Company: Federal Reserve
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