Fed Governor Cook says she's 'prepared to act' on rate hike to address inflation
Cook was part of a 9-3 majority that voted last week to keep the central bank's benchmark borrowing rate in a range between 3.5%-3.75%.
Cook was part of a 9-3 majority that voted last week to keep the central bank's benchmark borrowing rate in a range between 3.5%-3.75%.
BELLINGS Intelligence Score: 40
Why it matters
Fed Governor Cook signaling readiness to hike rates is a notable market development indicating potential monetary policy action, but it is not a formal policy shift or new guidance, thus not yet a significant systemic event.