Fed's Cook 'Prepared to Act' on Rates If Inflation Doesn't Slow

Federal Reserve Governor Lisa Cook cautions that the longer inflation remains above the central bank’s goal, the tougher the job will be to rein it in during remarks at an event in Alaska. (Source: Bloomberg)

Federal Reserve Governor Lisa Cook cautions that the longer inflation remains above the central bank’s goal, the tougher the job will be to rein it in during remarks at an event in Alaska. (Source: Bloomberg)