NewsHK
The inflation fight at the Federal Reserve remains open after Governor Lisa Cook said she is prepared to act on a rate hike if price pressures require it.
Cook voted last week alongside eight colleagues in a 9-3 majority to hold the central bank's benchmark borrowing rate in a range of 3.5% to 3.75%. The split signals a committee that has not settled on direction.
Cook's conditional hold Cook's phrasing is deliberate. Being "prepared to act" on a hike means the majority's pause was not a declaration that the tightening cycle has concluded.
She anchored that willingness directly to the inflation picture, without specifying a threshold or a timeline. At 3.5% to 3.75%, the current rate range functions as a floor that may move, not a terminal point.
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