More on testimony from Fed's Cook & Jefferson: critical, essential to bring down inflation

Federal Reserve Governor Lisa Cook and governor and vice chair nominee Philip Jefferson face a Senate Banking Committee confirmation hearing on Wednesday.

Prepared remarks have been released, summary post here:

• Fed's Jefferson and Cook both say must remain focused on returning inflation to 2%

Full text of their respective testimonies can be found here:

• Testimony by Governor Cook at her nomination hearing
• Testimony by Governor Jefferson at his nomination hearing

And Reuters have a summary popped up also, link here:

• Federal Reserve Governor Lisa Cook, renominated to a 14-year term to begin when her current one expires in January, took a sterner tone, calling the current moment a "critical juncture" for the American economy and observing that "it will be essential for the FOMC to act as needed" to bring down inflation.