Fed's Cook: Prudent to Wait on Inflation, but Prepared to Act if Needed

Federal Reserve Governor Lisa Cook stated that it is prudent to delay rate adjustments and wait "a bit more time" for inflation to decelerate. However, she emphasized that she stands ready to act if inflation does not moderate "soon."

Cook noted that since last summer, there has been a "notable shift" in the balance of risks — inflation is now seen as a greater concern, while the labor market appears stable and less of a risk factor. Her comments suggest a cautious but data-dependent approach to monetary policy.