Fed Governor Cook Prepared to Act If Inflation Fails to Cool Quickly

According to Odaily, on Wednesday, Federal Reserve Governor Cook stated that the Fed is prepared to take action if inflation fails to cool quickly, while emphasizing the importance of allowing more time to observe inflation developments. Cook identified key inflation risks as stemming from investment surges in artificial intelligence, tariffs, and price pressures from the Iran conflict. He noted that inflation risks now outweigh employment risks compared to a year ago.
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