Story perspectives

Fed's Cook: Inflation Needs Tackling Amid Weak Labor Market

2/5/2026

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Summary

Story summary

Federal Reserve Governor Lisa Cook, speaking in Miami, said inflation must come down over a weakening labor market to preserve credibility.
She said this stance could shape future rate cuts while inflation remains above 2%.
SpaceX is preparing for an IPO and seeks early inclusion in stock indexes to boost liquidity.
Nasdaq is considering a 'fast entry' for SpaceX, OpenAI, and Anthropic that could reshape access to markets.

History

Historical Context

Established by the Federal Reserve Act in 1913, the Federal Reserve System aimed to stabilize the U.S. economy following financial panics, notably the 1907 crisis. Over the decades, its role expanded to include managing inflation and employment, with a current target of 2% inflation. Governor Lisa Cook's recent remarks highlight ongoing challenges in achieving these goals amid evolving economic conditions, impacting companies like SpaceX preparing for IPOs.

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Story summary

Federal Reserve Governor Lisa Cook, speaking in Miami, said inflation must come down over a weakening labor market to preserve credibility.
She said this stance could shape future rate cuts while inflation remains above 2%.
SpaceX is preparing for an IPO and seeks early inclusion in stock indexes to boost liquidity.
Nasdaq is considering a 'fast entry' for SpaceX, OpenAI, and Anthropic that could reshape access to markets.

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