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Federal Reserve Governor Lisa Cook emphasized the need for a cautious approach to cutting interest rates, highlighting the risks of cutting too soon or too late on inflation and the economy. Cook mentioned the importance of balancing inflation and employment goals, noting the bumpy path of disinflation and gradual cooling in wage growth. She stressed that a careful easing policy can help sustainably return inflation to 2% while maintaining a strong labor market.
****Fed’s Cook Emphasizes Need for ‘Cautious’ Approach to Rate Cuts*** | Guess he no got the bank memo yet.... @markets
Federal Reserve Governor Lisa Cook said the US central bank must take a cautious approach to cutting interest rates https://t.co/5UbQafDnFf
⚠️ FED'S COOK SAYS CAUTIOUS APPROACH NEEDED TO POLICY EASING Full Story → https://t.co/SISwJvhZ1e The U.S. central bank needs to proceed carefully as it decides when to begin cutting interest rates, Federal Reserve Governor Lisa Cook said on Monday, citing, as many of her…