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Cook: Moving Toward Better Balance and Implications for Monetary Policy
Thank you, Barbara. It is a fitting time to be speaking again to the Economic Club of New York, because this month marks two years since my first Federal Open Market Committee (FOMC) meeting. At that meeting, we kicked off a series of large interest-rate increases, all of which I supported, because I am fully committed to bringing inflation sustainably back to our 2 percent target. As I said when I joined the Board, I care about both sides of the dual mandate Congress gives us, maximum employment and price stability. When inflation was well above target and the unemployment rate was historically low, we prioritized ... (full story)
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FED'S COOK: AT SOME POINT IT WILL BE APPROPRIATE TO CUT RATES.
— FinancialJuice (@financialjuice) June 25, 2024
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FED'S COOK: A RISE IN INFLATION EXPECTATIONS WOULD IMPLY KEEPING MONETARY POLICY RESTRICTIVE FOR LONGER.
— FinancialJuice (@financialjuice) June 25, 2024
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FED'S COOK: THE TIMING OF ANY POLICY ADJUSTMENT WILL DEPEND ON ECONOMIC DATA AND ITS IMPLICATIONS FOR OUTLOOK AND THE BALANCE OF RISKS.
— FinancialJuice (@financialjuice) June 25, 2024