US Fed governor Lisa Cook warns inflation to stay 'elevated' next year
Government
WASHINGTON: A key US central bank official warned on Monday (Nov 3) that inflation would likely remain elevated in the coming year as tariffs bite, while vowing to fulfil her duties even as President Donald Trump seeks her removal. "My outreach to business leaders suggests that the pass-through of tariffs to consumer prices is not yet complete," Federal Reserve Governor Lisa Cook said at the Brookings Institution think tank in Washington. She noted that many companies have adopted a strategy of
din zilele anterioare