Federal Reserve Governor Cook: If progress on inflation declines, it may require the Fed to pause interest rate cuts

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Cook stated that if the progress of inflation decline stalls, it may require the Federal Reserve to pause interest rate cuts. If the labor market shows signs of weakness, gradually lowering interest rates would be appropriate. The labor market has rebalanced, overall cooling down, and inflation has made "considerable progress."