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Fed's Cook Urges Action as Inflation Risks Rise

2/5/2026

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Summary

Story summary

Federal Reserve Governor Lisa Cook says the Fed must act to curb inflation above the 2% target.
Cook says the labor market is stabilizing, but inflation risks tilt higher because tariffs create uncertainty.
The personal consumption expenditures price index rose 2.9% over the past year, with core inflation at 3%, underscoring the challenge and reaffirming the Fed's commitment to a disinflationary path.

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Story summary

Federal Reserve Governor Lisa Cook says the Fed must act to curb inflation above the 2% target.
Cook says the labor market is stabilizing, but inflation risks tilt higher because tariffs create uncertainty.
The personal consumption expenditures price index rose 2.9% over the past year, with core inflation at 3%, underscoring the challenge and reaffirming the Fed's commitment to a disinflationary path.