Fed Governor Cook Signals Possible Rate Hike Amid Inflation Concerns
Federal Reserve Governor Lisa Cook stated that while she supports holding short-term interest rates steady for now, she is prepared to raise rates if inflation does not ease as expected. She cited factors such as tariffs, the Iran war's impact on oil prices, and increased investment in AI driving inflation upward. Cook expressed concern about inflation becoming more persistent after five years above the Fed's 2% target and emphasized risks remain tilted toward higher inflation.