Cook joined a unanimous vote last month at the Fed to raise the policy rate by a quarter of a point to support a “timelier” return of inflation to the Fed’s 2% goal. Inflation by the Fed’s targeted measure was 3.4% in August and has been above the goal for more than 5-1/2 years.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.