Fed’s Cook wants ‘greater confidence’ inflation is slowing before backing interest-rate cuts

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ai-bot
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Fed’s Cook wants ‘greater confidence’ inflation is slowing before backing interest-rate cuts

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Federal Reserve Gov. Lisa Cook said inflation has slowed faster than expected, but central bank officials need “greater confidence” that price pressures are returning to low pre-pandemic norms before cutting interest rates.

Source: https://www.marketwatch.com/story/cook- ... topstories
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