Federal Reserve Governor Lisa Cook said she is ready to raise interest rates if inflation does not begin to ease. This was reported by Qazaqyia.kz citing Reuters.
Cook's statement comes amid persistently high inflation. She indicated the central bank's willingness to tighten monetary policy if price pressures do not abate.
The remarks were made ahead of upcoming Fed meetings where the level of rates may be reconsidered. Market participants view Cook's words as a sign that additional measures could be taken to combat inflation.