Fed's Cook Underscores Importance of Price Stability for Economy
Federal Reserve Governor Lisa Cook said she sees tariffs as potentially stoking inflation and weakening employment, yet underscored the importance of price stability when considering future interest-rate adjustments.
'As I consider the appropriate path of monetary policy, I will carefully consider how to balance our dual mandate, and I will take into account the fact that price stability is essential for achieving long periods of strong labor market conditions,' Cook said Tuesday in prepared remarks for an event organized by the Council on Foreign Relations in New York.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
19 minutes ago
- Bloomberg
Stocks Will Rally Despite Extended Dollar Declines, MLIV Pulse Survey Finds
US equities will put the worst of this year's trade-war turmoil behind them and rally to fresh highs in 2025, according to a survey of Bloomberg subscribers who attended a panel discussion on macro trends. The S&P 500 will climb to 6,500 — a better than 9% increase from Thursday's close — by year-end, according to 44% of the 27 responses in a Markets Live Pulse survey. The index was seen reaching that level by the first half of next year by 26% of participants, with 11% saying it would happen in the second half and the remainder estimating 2027 or later.
Wall Street Journal
20 minutes ago
- Wall Street Journal
Why Would Musk Pick This Fight with Trump?
They were powerful together. But now the clash between the president and the world's richest man threatens to tear their ambitions apart—if they can't find a way to detente.
Washington Post
21 minutes ago
- Washington Post
As World Pride flows straight into the military parade, DC officials say they're ready for anything
WASHINGTON — Officials in the nation's capital generally express full confidence in their ability to handle large, complicated events and huge crowds. As Metropolitan Police Department Chief Pamela Smith recently put it, 'We are really the experts in this space when it comes to crowd management.' Over the next eight days. in the sprawling city that is the nation's capital, that expertise will be put to the test.
