Fed’s Cook Underscores Importance of Price Stability

Federal Reserve Governor Lisa Cook said she sees tariffs as potentially stoking inflation and weakening employment, yet underscored the importance of price stability when considering future interest-rate adjustments.

“As I consider the appropriate path of monetary policy, I will carefully consider how to balance our dual mandate, and I will take into account the fact that price stability is essential for achieving long periods of strong labor market conditions,” Cook said Tuesday in prepared remarks for an event organized by the Council on Foreign Relations in New York.