Fed’s Cook Expresses Optimism That Current Policy Will Adequately Address Inflation, According to Reuters

Federal Reserve Governor Discusses Interest Rates and Inflation Goals

Federal Reserve Governor Lisa Cook expressed optimism regarding the current target interest rate, suggesting it may be sufficient to steer inflation back towards the central bank’s goal of 2%. Following last week’s meeting, the Federal Reserve decided to maintain interest rates within the range of 5.25% to 5.5%.

During her remarks at Duke University, Cook stated, "We hope that this will be restrictive enough such that we can return to our 2% target over time." She emphasized the importance of remaining vigilant to ensure that the inflation target is achieved.