Federal Reserve governor Lisa Cook said Monday that the central bank can afford to take a more gradual approach to interest-rate cuts in the months ahead, even though further reductions will likely be ...
Rising Treasury yields also support the dollar. Meanwhile, Governor LisaCook fails to give a clear hint about whether the Fed will cut or hold rates next month.
Since the Fed started reducing its benchmark policy rate in September, Cook noted that the labor market has shown more resilience and inflation has been more persistent than initially anticipated.
728 results The U.S. Federal Reserve can be cautious with any further interest rate cuts given a solid economy and inflation proving stickier than previously expected, Fed Governor LisaCook ...