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Fed Governor Cook says she's 'prepared to act' on rate hike to address inflation

CNBC · Published 2h ago
Fed Governor Cook says she's 'prepared to act' on rate hike to address inflation

Cook was part of a 9-3 majority that voted last week to keep the central bank's benchmark borrowing rate in a range between 3.5%-3.75%.

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Policy Watch

Central bank decisions like this can influence borrowing costs, markets and everyday spending.

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Overall ImportanceCritical
Confidence★☆☆☆☆
Most Affected
  • Investors
  • Borrowers
  • Businesses
Likely Next
  • Market reaction
  • Follow-up policy meeting
  • Analyst commentary
Ripple EffectPolicyMarketsPricesConsumers
Why It Matters

Central bank decisions like this can influence borrowing costs, markets and everyday spending.

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