Fed Governor Cook Signals Readiness for Rate Hike Amid Persistent Inflation Risks

Federal Reserve Governor Lisa Cook has issued a hawkish note, indicating her readiness to support a rate hike if inflation does not ease. Cook warned that price risks now outweigh job market risks and that the Fed is running out of room to wait for disinflation to return. This statement signals a potential shift towards more aggressive monetary policy if inflationary pressures persist, which could influence market expectations for future rate decisions.