Fed’s Cook Sees Slower Growth, Stall in Inflation Amid Tariffs

Federal Reserve Governor Lisa Cook said she sees slower economic growth this year and stalled progress on lowering inflation amid tariffs and other policy changes, but that policymakers should hold interest rates steady for now.

“I currently place more weight on scenarios where risks are skewed to the upside for inflation and to the downside for growth,” Cook said Thursday in remarks prepared for an event at the University of Pittsburgh. “Such scenarios, with higher initial inflation and slower growth, could pose challenges for monetary policy.”