Lisa Cook, governor of the US Fed, said on Wednesday that the Fed has taken strong actions to curb inflation, although it is right to tighten the monetary policy at a smaller pace as the policy advances. She pointed out that the Fed is determined to temper inflation to the predetermined target, which indicated that the rake hike is not over, and the Fed needs to make interest rates sufficiently restrictive.
Last week, the US Fed raised the interest rate by 25 basis points to 4.5%-4.75%, a smaller increase compared with the rate hike of 50 basis points in December 2022 and the previous four sharp rate hikes of 75 basis points.