Part 2/11:
In a DC speech covered by Yahoo Finance, Fed Governor Lisa Cook outlined the current ambiguity surrounding monetary policy. She emphasized that the downside risks to employment are more concerning than inflation, yet also reaffirmed that the current restricted policy remains appropriate since inflation remains above the 2% target.
Cook stressed that every upcoming meeting remains "live", implying that policy decisions are flexible and dependent on evolving economic data. Meanwhile, San Francisco Fed President Mary Daly conveyed that the Fed should aim to reduce inflation without unnecessarily harming the labor market, advocating for a modestly restrictive policy.