{
  "id": 191215,
  "title": "Fed Cook backs hold but warns rate hike possible if disinflation stalls",
  "url": "https://urgent.news/2026/08/05/fed-cook-backs-hold-but-warns-rate-hike-possible-if-disinflation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-05T20:48:45.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/fed-cook-backs-hold-but-warns-rate-hike-possible-if-disinflation-stalls-202608052048"
  },
  "original_language": "en",
  "account": "Fed Governor Lisa Cook expressed support for maintaining current interest rates during the latest Federal Open Market Committee (FOMC) meeting, as she awaits further data. She emphasized that inflation risks are more significant than concerns about the job market, while reaffirming her dedication to restoring price stability. Cook noted that inflation has been persistently high for five years, although she did not exclude the possibility of a cooling trend. In her speech at an event in Alaska, she warned that if she does not observe continued disinflation soon, she is prepared to take action. The Federal Reserve's (Fed) primary objective is to balance price stability and full employment, using interest rates as its main tool to achieve these goals. The Fed raises interest rates to curb inflation when prices rise too rapidly and exceed the 2% target; conversely, it lowers rates to stimulate borrowing when inflation falls below 2% or the unemployment rate is excessively high. The FOMC, composed of twelve officials, convenes eight times annually to evaluate economic conditions and determine monetary policy. In extreme circumstances, the Fed might employ Quantitative Easing (QE), a non-standard measure aimed at boosting credit flow in a stagnant financial system. QE involves the Fed printing more money and buying high-grade bonds from financial institutions, which typically weakens the US Dollar. Quantitative tightening (QT) is the reverse process, where the Fed stops buying bonds and allows maturing bonds to reduce in number, usually strengthening the value of the US Dollar. As the Fed's primary tool for meeting its dual mandate, monetary policy decisions have a profound impact on financial markets and the global economy.",
  "summary": "Fed Governor Lisa Cook said she supported leaving rates unchanged at the last Federal Open Market Committee (FOMC) meeting, as she awaits more data. She added that inflation risks outweigh job market risks, while reaffirming her full commitment to restoring price stability.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "Fed Governor Cook says she's 'prepared to act' on rate hike to address inflation",
        "url": "https://urgent.news/2026/08/05/fed-governor-cook-says-shes-prepared-to-act-on-rate-hike-to-address",
        "published": "2026-08-05T20:36:16.000Z"
      },
      {
        "outlet": "Cointelegraph",
        "title": "Fed’s Cook says she’d support rate hike if disinflation stalls",
        "url": "https://urgent.news/2026/08/06/feds-cook-says-shed-support-rate-hike-if-disinflation-stalls",
        "published": "2026-08-06T05:44:04.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}