ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Cook stated that the Federal Reserve can take a more cautious approach to interest rate cuts.Inflation is expected to gradually, but unevenly, decline to the 2% target. The labor market is more balanced, and the labor market is not a source of inflation; the risks of inflation and employment are "basically balanced."

ChainCatcher message, Federal Reserve Governor Cook stated that the scale and timing of interest rate cuts will depend on the upcoming data, economic outlook, and the balance of risks; the policy is not predetermined. The interest rate cuts so far are an important step in easing policy restrictions.

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Cook stated that if the progress of inflation decline stalls, it may require the Federal Reserve to pause interest rate cuts. If the labor market shows signs of weakness, gradually lowering interest rates would be appropriate. The labor market has rebalanced, overall cooling down, and inflation has made "considerable progress."

ChainCatcher news, Federal Reserve Governor Cook did not mention monetary policy or economic outlook in his opening speech at the conference themed on artificial intelligence, but he stated that AI could have a negative impact on employment, although he is optimistic that AI can enhance productivity. (Jin Ten)

ChainCatcher news, Federal Reserve Governor Lisa Cook delivered a speech on the Federal Reserve's dual mandate, stating that a cautious and gradual easing of policy can ensure a sustainable return of inflation to 2%, while striving to maintain a strong labor market. Easing policy too much or too early, or too late, carries risks. (Jin Ten)