Fed's Cook says inflation is moving in the wrong direction, but she's looking to hold rates steady | Crypto Craft

  • Fed's Cook says inflation is moving in the wrong direction, but she's looking to hold rates steady

    From finance.yahoo.com

    Federal Reserve governor Lisa Cook said Wednesday that inflation is moving in the wrong direction and that while she expects to hold interest rates steady, she’s prepared to hike them if needed. “After five years of above-target inflation, I am particularly attuned to the risk that elevated inflation will become embedded in price- and wage-setting behavior,” Cook said in a speech at Stanford University. “I am prepared to raise rates if the expected disinflation does not appear in a timely manner.” While Cook expects inflation to come down in the coming months, she is attuned to the risk that even temporary, ... (full story)

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Trader#6266
May 27, 2026 5:09pm
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she's working on a 10 piece KFC bucket.
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Marbas
May 27, 2026 5:40pm
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lol
nice one
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Jwosjw
May 27, 2026 4:37pm
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Oh lawdy, Trump wanted to fire her, couldn't, now she's saying SHE might or might not raise the national interest rates.

America used to be a serious country
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