Name: The Outlook for Monetary Policy and Observations on the Evolving Economy
Uploaded: 2022-11-30T20:38:58.000Z
Description: Just a few weeks in advance of the Federal Open Market Committee’s mid-December meeting, Federal Reserve Board Governor Lisa Cook will present her views on the outlook for monetary policy and share her observations on our evolving economy.

Feds Cook: Inflation is still too high. Main focus is on lowering px pressures.

Fed Gov. Lisa Cook says smaller steps are needed in Fed hikes as it moves forward

Greg Michalowski

Prudent for the Fed to hike in smaller steps as it moves forward
how far Fed goes with rate hikes depends on how economy responds
Fed has taken a strong steps to control inflation
interest rate sensitive parts of economy impacted by Fed rate hikes
mindful past Fed rate hikes still working through economy
inflation still too high, main focus is on lowering price pressures
seeing some early signs of improvement in inflation data
too soon to say inflation trend turning more friendly yet
wage growth above levels consistent with Fed 2% inflation target
US productivity has been lackluster hopes it will improve
US manufacturing sector is healthy

To live stream Fed Cook's speech click on the link below: