Federal Reserve Board Governor Lisa Cook
- speaking on "Global Inflation and Monetary Policy Challenges" before the 2024 Australian Conference of Economists
Cook (info via Reuters):
- "My baseline forecast...is that inflation will continue to move toward target over time, without much further rise in unemployment,"
- soft landings are "more likely when policy easing began with inflation already close to target and when there was a relatively firm growth backdrop"
- "In the U.S., what I have seen so far appears to be consistent with a soft landing: Inflation has fallen significantly from its peak, and the labor market has gradually cooled but remains strong."
![Cook](https://images.forexlive.com/images/Cook_id_c2db7171-a045-4a69-96bc-40d7f5eff369_size900.jpg)
As a Governor of the Bank Cook has a vote at every Federal Open Market Committee (FOMC) meeting.
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The Fed next meets on July 30-31. On hold is expected, with the chance of a September rate cut firming up. Not everyone agrees: