Cook: US labour market solid, inflation to remain elevated
Governor differs from fellow members of Fed board in first speech since Trump’s attempted dismissal
In her first speech since US president Donald Trump attempted to fire her, Lisa Cook differed from her colleagues on the Federal Reserve board in assessing the labour market to be “solid”.
Speaking on November 3 at the Brookings Institution in Washington, the Fed governor said the labour market appeared to be softening only modestly: “More recent labour market indicators, such as UI [unemployment insurance] claims, job postings and individuals’ assessments of job availability, signal little
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