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MNI: Fed’s Cook-Easing Appropriate With Disinflation On Track

Fed Governor Lisa Cook delivers remarks on the economic outlook.

MNI (WASHINGTON) - U.S. inflation is gradually coming down to the Federal Reserve’s 2% target in a way that should allow policymakers to keep cutting interest rates, although the pace and timing of further easing are not yet determined, Fed Governor Lisa Cook said Wednesday.

“The totality of the data suggests that a disinflationary trajectory is still in place and that the labor market is gradually cooling,” Cook said in prepared remarks. “It likely will be appropriate to move the policy rate toward a more neutral stance over time.”

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MNI (WASHINGTON) - U.S. inflation is gradually coming down to the Federal Reserve’s 2% target in a way that should allow policymakers to keep cutting interest rates, although the pace and timing of further easing are not yet determined, Fed Governor Lisa Cook said Wednesday.

“The totality of the data suggests that a disinflationary trajectory is still in place and that the labor market is gradually cooling,” Cook said in prepared remarks. “It likely will be appropriate to move the policy rate toward a more neutral stance over time.”

Keep reading...Show less