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International Business Times
International Business Times
Business

Fed Governor Cook Voted Against Hiking Rates. She Clarified She's Ready To Act If Inflation Remains Above Target.

Inflation Lisa Cook US Federal Reserve John Williams Neel Kashkari Interest Rates
Federal Reserve Governor Lisa Cook said that even though she voted against hiking interest rates, she is ready to do so if inflation does not decrease. (Credit: Getty Images)

Federal Reserve Governor Lisa Cook said that even though she voted against hiking interest rates, she is ready to do so if inflation does not decrease towards the central bank's 2% goal.

Speaking during a speech in Alaska, she said she believes "the risks to the inflation side of the dual mandate higher than the risks to the employment side at this point."

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