Federal Reserve Governor Cook: If inflation does not slow soon, prepared to take action

Odaily Planet Daily News: Federal Reserve Governor Cook said on Wednesday that waiting for inflation to slow for a period is a wise move, but if inflation does not slow soon, she is prepared to take action. Cook stated that more time should be given to observe how inflation develops, and future risks remain mainly concentrated on the upside of inflation, due to factors including the AI investment boom, tariffs, and price pressures from the war in Iran. Cook said she is fully committed to achieving the inflation target, and noted that compared to about a year ago, the risk balance has changed significantly, with inflation risks now exceeding employment risks.