Fed's Lisa Cook Signals No Rush on Rate Cuts, Cites Inflation Risks

• Federal Reserve Governor Lisa Cook stated the US central bank is in no hurry to cut interest rates further, advocating a "sit back and wait" approach.
• Cook expressed concerns that risks are "tilted toward higher inflation," a more hawkish stance than some colleagues.
• She noted that inflation has plateaued after a period of disinflation, with core inflation at 3% against the Fed's 2% target.
• The labor market has "stabilized," with the unemployment rate at 4.4% in December, indicating no immediate need for aggressive monetary easing.
• Cook's remarks come amidst political pressure from President Donald Trump for faster rate cuts and a legal battle over her position.