Federal Reserve Councillor Cook: If the return to inflation is not restored, it will be ready to support interest rate hikes

On 6 August, Federal Reserve Commissioner Cook stated that she would be prepared to support an increase in interest rates if the downward trend in inflation did not return; that high-risk inflation was rising and could become entrenched in the economy; that there was reason to believe that inflation levels might be eased; that policy had so far not led to significant unemployment; and that the Federal Reserve might not eventually need to raise interest rates。