Fed Governor Cook says she's 'prepared to act' on rate hike to address inflation
- Posted on August 5, 2026
- By CNBC
- 1 Views
- 1 min read
In brief
Federal Reserve Governor Cook has signaled readiness to support additional interest rate increases aimed at combating persistent inflation. Following the central bank's recent decision to maintain rates within the 3.5%-3.75% range, Cook's stance reflects the growing divide within the Fed's policy committee. With nine governors supporting the current position against three dissenting votes, the inflation-fighting approach remains divided as economic pressures continue to shape monetary policy decisions.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
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%.
