Central Banks
Fed’s Cook Says She’s Attuned to Risk of Sharp Drop for Economy
- Governor Lisa Cook says some sectors showing signs of strain
- Cook says strong momentum in demand could slow disinflation
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Federal Reserve Governor Lisa Cook said she is attuned to the risk of an unnecessarily sharp economic slump, pointing to strain in some sectors of the economy from tighter financial conditions that could be a harbinger of further stress.
Cook said continued momentum in economic growth and consumer spending could slow the pace of disinflation, echoing her colleagues on the Fed’s policy-setting committee.