Fed Governor Cook: Ready to Adjust Rates Based on Labor, Inflation; AI Could Aid Financial Stability

Published: May 29, 2026 11:46

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Fed Governor Cook noted that on one hand, the US Fed would be prepared to cut interest rates if the labour market deteriorated, and would be prepared to raise rates if inflation failed to pull back as expected. On the other hand, artificial intelligence may help enhance financial stability, though its impact on cybersecurity remains unclear. In addition, Cook believed that interest rates should remain stable and unchanged in the coming months.

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