Skip to content
Sign up to receive our free weekday morning edition, and you'll never miss a scoop.
Fed Gov. Lisa Cook

Cook stresses rate caution, plus new Treasury sanctions

Federal Reserve Gov. Lisa Cook told an audience at Harvard University this morning that the U.S. central bank should still move cautiously before cutting interest rates.

The remarks acknowledged the success so far of the American economy’s recovery from the pandemic, with Cook noting that employment and inflation rates “are moving into better balance.”

“Nonetheless,” Cook said, “fully restoring price stability may take a cautious approach to easing monetary policy over time.”

Subscripion logo

Become a Premium Policy member to continue reading The Vault

Join The Vault
Already a subscriber? Log In

Presented by AARP

AARP knows older voters. 

We’ve made it our business to know what matters to people 50 and over—like we know that protecting Social Security and supporting family caregivers are among their top priorities. Learn more from our polling in Pennsylvania.

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.