Federal Reserve Governor Lisa Cook on Wednesday signaled that she will not support another interest-rate cut until she sees more proof that price pressures are receding, saying she is more concerned about stalled progress on inflation than a weakening labor market.
"At this time, I see risks as tilted toward higher inflation," Cook told the Economic Club of Miami, a week after she joined the majority of her fellow U.S. central bankers in a 10-2 vote to leave the policy rate steady, after cutting interest rates at its prior three meetings.
Source : Investing.com