Fed’s Cook calls recent inflation numbers ‘disappointing’

Key Insight: Federal Reserve Gov. Lisa Cook said that, after years of above-target inflation, the central bank can’t afford to appear complacent on price stability lest that complacency turn into market expectations. 

Expert Quote: “After nearly five years of above-target inflation, it is essential that we maintain our credibility by returning to a disinflationary path and achieving our target.” — Fed Gov. Lisa Cook.

Forward Look:  The Trump administration has pushed for the central bank to cut rates to spur consumer borrowing and spending. The personnel of the Fed Board of Governors will largely determine whether the central bank emphasizes maximum employment or stable prices going forward.

Source: Adapted from: https://www.americanbanker.com/
Source Link: https://www.americanbanker.com/news/feds-cook-calls-recent-inflation-numbers-disappointing