Federal Reserve's Cook Discusses Monetary Policy and Economic Risks

According to Odaily, Federal Reserve Governor Cook stated that each Federal Reserve meeting is a real-time assessment of monetary policy, which does not follow a predetermined path. Cook highlighted that the dual mandate of the Federal Reserve faces increasing risks on both fronts. The current policy is moderately restrictive, with inflation remaining high and facing upward risks. The labor market remains robust, and there is close monitoring for any signs of trouble. Although the government shutdown has impacted the economy, growth is expected to recover. Cook also mentioned the possibility of an interest rate cut in December, contingent on forthcoming information.