Fed's Cook notes it is prudent to wait 'a bit more time' for inflation to slow, but she is prepared to act if it does not occur 'soon' Fed's

Fed's Cook notes it is prudent to wait 'a bit more time' for inflation to slow, but she is prepared to act if it does not occur 'soon' Fed's Cook: since last summer there has been 'a notable shift' in risk towards higher inflation and away from the job market, which appears stable Fed's Cook notes there is reason to think disinflation will occur, but sees risks also that price pressures will persist due to tariffs, middle East conflict, AI investment Cook: inflation expectations are anchored, but that depends on appropriate monetary policy; Fed can't take its eye off the Ball