Fed's Cook: Need to keep restrictive policy until confident inflation firmly on path to 2%

• Inflation is too high
• Restoring price stabilty will likely require ongoing rate hikes
• I cannot assume improvements in supply constraints will be steady
• I have revised up my assessment of the persistence of high inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term
• At some point it will be appropriate to slow the pace of hikes
• Notes usefulness of timely high-frequency wholesale car prices, rental rates on new leases and surveys on supplier delivery time/prices paid
• Notes google mobility data and opentable reservations as useful during pandemic
• Full speech

This is Cook's first speech and it might as well have been written by Powell himself. What's the point in having a big group of supossedly diverse opinions on the Fed board if they all say the same thing?