"Governor Cook Urges Caution in Interest Rate Policy Amid Dual Mandate Concerns"
TL;DR Summary
Governor Cook discusses the Federal Reserve's dual mandate of promoting maximum employment and stable prices, emphasizing the benefits of achieving these objectives. He explains the evolution and international comparisons of price stability and maximum employment, as well as the tradeoffs and risks associated with monetary policy. Cook also evaluates inflation and labor market indicators, highlighting the evolving balance of risks for monetary policy and the need for a cautious approach to further policy adjustments.
- Remarks by Governor Cook on the dual mandate and the balance of risks Federal Reserve
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- Former Fed Vice Chair Clarida sees possibility of fewer rate cuts than expected this year CNBC
- Fed's Cook says cautious approach needed to policy easing Yahoo Finance
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