FedIMPORTANT
Fed Governor Cook says policy is currently mildy restrictive; FOMC can take some time to observe more data to confirm that
StockNow breaking-news AI analysis
Fed Governor Cook views policy as mildly restrictive and urges patience. While inflation risks remain high due to external factors, the Fed is compensating for survey data gaps to refine decisions.
News detail
Recent readings on CPI and PPI were just for one month. That does not make a trend. Fed has some ways to fill in the blanks from low response rates to government surveys.
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