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flag Fed's Lisa Cook backs holding rates steady due to persistent inflation risks.

flag Federal Reserve Governor Lisa Cook said she supports keeping interest rates steady, citing persistent inflation risks despite a stable labor market. flag She emphasized that core inflation remains around 3%, with recent price increases linked to tariffs and potential inflation expectations, and stressed the need for clearer evidence of sustainable disinflation before cutting rates. flag Cook described current policy as "ever so mildly restrictive" and urged patience to assess incoming data, reaffirming her focus on returning inflation to the 2% target. flag She did not address political pressures or ongoing legal challenges.

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