Fed’s Lisa Cook Says Inflation Is Easing but More Is Needed
- Labor market remains tight, contributing to price pressure
- Fed focused on inflation because job market doing ‘okay’
Lisa Cook
Photographer: Ting Shen/BloombergThis article is for subscribers only.
Federal Reserve Governor Lisa Cook said US inflation has started easing but price pressures could keep emanating from a tight labor market, the war in Ukraine and the reopening of China.
“We certainly see tightening taking place,” Cook said Monday during an event organized by the University of Michigan Economics Department, citing a slowdown in housing and credit tightening that was underway before the recent banking issues as a result of the Fed’s rapid rate increases.