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      Federal Reserve Governor Lisa Cook Emphasizes Commitment to Inflation Target

      Federal Reserve Governor Lisa Cook stated that inflation has remained excessively high for an extended period. She reaffirmed her dedication to returning inflation to the target level while also maintaining the strength of the labor market.

      Cook's comments come amid growing market expectations that the Federal Reserve will refrain from raising interest rates in October, following recent data indicating softer inflation in the Personal Consumption Expenditures (PCE) index. While she did not address the latest inflation figures directly or the upcoming rate decision, her remarks highlight the Fed's ongoing focus on balancing inflation control with employment stability.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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