Cook links stubbornly high US goods prices to Trump’s tariffs
Fed governor, still fighting attempted dismissal, laments stalling of progress on tackling inflation
Lisa Cook has said progress on tackling US inflation essentially stalled in 2025 and that it was important to get it back on target.
In a speech on February 4 at the Economic Club of Miami, the Federal Reserve governor said: “Such a plateau is frustrating after seeing significant disinflation in the preceding few years.” She traced the stubbornly high prices of core goods to tariffs.
“With anchored inflation expectations, it is anticipated that tariff increases should only lead to a one-time rise
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