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Fed’s Cook Sees Signs Inflation Is Easing but Says It’s Still Too High
- De-anchoring of price expectations ‘would be a major concern’
- Bank must advance inflation understanding, forecast risks
Lisa Cook
Photographer: Ting Shen/BloombergThis article is for subscribers only.
Federal Reserve Governor Lisa Cook highlighted a variety signs of easing inflationary pressures, including decelerating wage gains.
“Recent data suggest that labor-compensation growth has indeed started to decelerate somewhat over the past year,” she said in a speech prepared for delivery to the American Economic Association’s annual meeting in New Orleans on Friday.