Lisa Cook warns that allowing inflation to run its course carries significant risks amid rising inflation concerns

Lisa Cook, a member of the U.S. Federal Reserve Board of Governors, said she is prepared to move to raise interest rates if inflation does not decline soon, but she prefers to wait a little longer to observe price developments. She indicated that the risks still lean toward higher prices, emphasizing her commitment to returning inflation to the target of 2%, with expectations of further monetary tightening if inflation continues to rise.

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