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Fed's Cook: Data Are Telling a Pretty Clear Story of a Historically Strong Labor Market, with Still Elevated Inflation; Inflation is Still Running To
Fed's Cook:
— *seven (@sevenloI) February 8, 2023
- Strongly Committed to Both Price Stability and Employment Mandates of the Fed
- Data Are Telling a Pretty Clear Story of a Historically Strong Labor Market, with Still Elevated Inflation
- Inflation is Still Running Too High Even Though It Has Moderated
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FED'S COOK: THE FED IS INTENT ON RESTORING PRICE STABILITY AND WILL REQUIRE RESTRICTIVE MONETARY POLICY FOR SOME TIME.
— Breaking Market News (@financialjuice) February 8, 2023
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FED'S COOK: WITHOUT STABLE PRICES, IT WILL BE HARD TO MAINTAIN MAXIMUM EMPLOYMENT.
— Breaking Market News (@financialjuice) February 8, 2023
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FED'S COOK: I BELIEVE INFLATION CAN BE CONTAINED WITHOUT A LARGE INCREASE IN UNEMPLOYMENT.
— Breaking Market News (@financialjuice) February 8, 2023
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Fed's Cook:
— *seven (@sevenloI) February 8, 2023
- In Times of Uncertainty Important Not to Take Too Much Signal From Two or Three Data Points
- Will Use Tools Forcefully To Avoid Entrenched Inflation
- Appropriate Now to Move in Smaller Steps as Fed Assesses Cumulative Impact of Rate Increases So Far