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2026-07-16 01:24:11
[Federal Reserve Governor Cook: Ready to Act If Inflation Fails to Slow Soon] Federal Reserve Governor Tim Cook said on Wednesday that waiting for inflation to slow for a while is a wise move, but he is prepared to act if inflation fails to slow soon. Cook noted, "I think we should give more time to observe how inflation develops. However, I still believe the risks remain primarily focused on rising inflation due to the investment boom in artificial intelligence, tariffs, and price pressures from the Iran war. If we don't see signs of inflation slowing soon, I'm ready to act. I am fully committed to achieving our inflation target, and that commitment remains unwavering." Cook compared the current situation to a year ago, when inflation was well above the Fed's 2% target, and while the job market appeared stable, there were risks of both labor market and inflation slowing. "I've noticed a significant shift in the balance of risks compared to about a year ago; currently, inflation risks outweigh employment risks," she said.
