Fed's Lisa Cook Says Inflation Is Still Too Hot — And A 'K-Shaped' Economy Is Leaving Low-Income Americans Behind
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8.6
Federal Reserve Governor Lisa Cook signaled a cautious “wait and see” approach to monetary policy on Wednesday, describing current interest rates as only “mildly restrictive” while expressing concern over a “K-shaped” economic divergence that is leaving low-income families behind.
Policy Pause And Inflation Hurdles
Speaking at the Economic Club of Miami, Cook supported the Federal Open Market Committee’s (FOMC) recent decision to hold the policy rate steady.
She noted that while significant disinflation occurred between 2022 and 2024, progress essentially stalled in 2025. Personal consumption expenditures (PCE) inflation ended last year at an estimated 2.9%, remaining stubbornly above the Fed’s 2% target.
Cook attributed much of the recent price pressure to a “notable uptick” in core goods
Policy Pause And Inflation Hurdles
Speaking at the Economic Club of Miami, Cook supported the Federal Open Market Committee’s (FOMC) recent decision to hold the policy rate steady.
She noted that while significant disinflation occurred between 2022 and 2024, progress essentially stalled in 2025. Personal consumption expenditures (PCE) inflation ended last year at an estimated 2.9%, remaining stubbornly above the Fed’s 2% target.
Cook attributed much of the recent price pressure to a “notable uptick” in core goods
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