Fed Governor Lisa Cook pointed out in a speech that risks associated with meeting the dual mandate goals of inflation and employment are “moving into better balance”.
She explained that prematurely easing monetary policy might “allow above-target inflation to become entrenched” and eventually require a tighter monetary stance, risking significant employment setbacks. Conversely, delaying policy easing could unnecessarily restrict economic expansion and curtail job opportunities.
Full speech of Fed’s Cook here.
