Federal Reserve Governor Cook: Prepared to take action if inflation fails to slow soon

Odaily Planet Daily reports that Federal Reserve Governor Cook said on Wednesday that waiting for inflation to slow for a while is a wise move, but he is prepared to take action if inflation fails to slow quickly. Cook stated that more time should be given to observe how inflation develops, and that future risks remain primarily focused on rising inflation, including the AI investment boom, tariffs, and price pressures from the Iran war. Cook reiterated his full commitment to achieving the inflation target, noting that the balance of risks has changed significantly compared to about a year ago, with inflation risks now outweighing employment risks.