Reported 8 months ago
Federal Reserve Governor Lisa Cook stated that the U.S. central bank is prepared for a rate cut if the economy meets expectations, without specifying a timeline. Cook highlighted the need for policy adjustment based on economic data and risks. Recent inflation data indicates progress in reducing price pressures, influencing the decision on when to cut interest rates. While some anticipate a cut in September, others believe the current economic uncertainty warrants maintaining rates. Labor market conditions also play a significant role in the Fed's decision-making process.
Source: YAHOO