Fed Governor Lisa Cook sees tariffs raising inflation and complicating rate policy

Key Points

Federal Reserve Governor Lisa Cook raised some concerns regarding the progress on inflation, saying recent lower readings could reverse after tariffs work their way through the economy.
President Donald Trump’s trade policy could take a toll on the labor market, she said, even though she suspects the economy is in relatively good shape now.
Cook did not specify when she thinks the Federal Reserve can ease rates again.

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