Fed Governor Lisa Cook Addresses Economic Outlook Amid Legal Challenges
In her first public remarks since the legal challenges surrounding her position, Fed Governor Lisa Cook discussed the economic outlook and monetary policy at the Brookings Institution. Cook emphasized concerns about the labor market, noting that it is solid but gradually cooling, and signaled that the upcoming December meeting for a potential rate cut remains flexible, contingent on incoming data. Despite pressures and an attempt by Trump to remove her, she reassured her commitment to serving the American public. Additionally, Cook warned that inflation is expected to stay elevated next year, reflecting ongoing economic headwinds and divided opinions among Fed policymakers regarding future rate decisions. While she supported recent rate cuts, Cook stated that policy directions are not predetermined and she remains vigilant to the economic landscape.
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