Fed officials want to have more confidence in easing inflation before rate cut aa.com.tr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aa.com.tr Daily Mail and Mail on Sunday newspapers.
Fed's Cook: need more confidence on inflation before cutting rates streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
U.S. Federal Reserve Governor Lisa
Cook on Thursday said that with inflation easing and the labor
market normalizing, the risks to the economy have become
two-sided, but it s not yet time to reduce. -February 22, 2024 at 05:00 pm EST
- MarketScreener
"I would like to have greater confidence that inflation is converging to 2% before beginning to cut the policy rate," she said in remarks prepared for delivery to Princeton University’s School of Public and International Affairs. While it is "reasonable" to expect inflation to get to the Fed's 2% goal over time, the path toward that goal has been and could still be "bumpy and uneven," she said, citing recent stronger-than-expected readings on consumer price inflation. As for monetary policy, she said, "I am now weighing the possibility of easing policy too soon and letting inflation stay persistently high versus easing policy too late and causing unnecessary harm to the economy."