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In a statement on Wednesday, Federal Reserve Governor Lisa Cook emphasized the Fed’s vigilance towards shifts in the unemployment rate, suggesting readiness to act promptly should it begin to rise sharply.
Speaking at an event in Australia, Cook noted the current unemployment rate of 4.1% as indicative of a robust labor market. However, she underscored the Fed’s proactive stance, highlighting their close monitoring of unemployment trends. “The situation could change very quickly,” Cook stated, “and we would be responsive.”
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Cook’s remarks signal the Fed’s alertness to potential changes in economic conditions, reflecting a preparedness to adjust policy if necessary to maintain economic stability.
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