Khaberni - Federal Reserve Board (U.S. Central Bank) member Lisa Cook said on Monday that she sees the council's meeting in December leading to a reduction in interest rates, but she pointed out that she will make her decision based on information from various sources expected from now until then.
Cook added in a statement prepared for delivery at the Brookings Institution, "We are at a stage where risks to both sides of the central bank’s dual mandate are increasing. Keeping interest rates too high may sharply worsen the labor market, while cutting them excessively could cause inflation expectations to spiral out of control."
She continued, "As always, I base my stance on monetary policy at each meeting on the incoming data."
