The Hawkish Hawk: Lisa Cook's Inflation Warning Signs Federal Reserve Governor Lisa Cook has sounded a warning bell on inflation, signaling that she is prepared to take action if price pressures persist.
While her comments did not influence last week's interest rate decision, they make it clear that she will act if inflation does not show significant signs of easing soon.
Cook's remarks have been interpreted as a signal of hawkishness within the Fed, but they should also be seen in context.