Federal Reserve Governor Cook: Expects further rate cuts in the future, does not believe policy is on a preset track

Zhitong
2024.11.20 22:13
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Federal Reserve Governor Cook stated that there may be further interest rate cuts in the future, but no decisions will be made in advance. She is concerned about signs of weakness in the U.S. labor market and inflation fluctuations, believing that the path of policy interest rates is downward, and the magnitude and timing of rate cuts will depend on the latest data. Cook pointed out that the economic situation is good, inflation has fallen, and the unemployment rate remains at historically low levels, but the labor market is no longer overheating. She expects interest rates to gradually decline to neutral levels