off-the-wire

Fed's Cook says policy rate 'ever so mildly' restrictive

Kitco Media
By Reuters
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Updated:
Reuters
Fed's Cook says policy rate 'ever so mildly' restrictive teaser image

Feb 4 (Reuters) - U.S. Federal Reserve Governor Lisa Cook on Wednesday said she feels the policy interest rate now is only mildly restrictive, and signaled she supports taking time before reducing interest rates further.

"We put a lot of easing into the pipeline at the end of last year and I think that given where the labor market is, where inflation is, this is the right time to sit back and wait to see what happens," Cook said at the Economic Club of Miami. "This rise in the price level should be temporary given the tariffs. So we'd like to see us get back to a disinflationary path, so I think it's mildly restrictive but ever so mildly restrictive."

Reporting by Ann Saphir; Editing by Christopher Cushing

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