Federal Reserve governor Lisa Cook has signalled that a December interest rate cut is far from assured, in her first public remarks since Donald Trump attempted to fire her from the US central bank’s board.
“Policy is not on a pre-determined path,” Cook said at the Brookings Institution think-tank in Washington on Monday.
She added: “Keeping rates too high increases the likelihood that the labour market will deteriorate sharply. Lowering rates too much would increase the likelihood that inflation expectations will become unanchored.”
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