Cook says Fed would respond if unemployment starts to rise more quickly

by Aurelia Butler 11 July 2024, 00:20 169 Views

(Reuters) – The Federal Reserve is closely watching changes in the unemployment rate and would respond if it starts a quick climb, Fed Governor Lisa Cook said on Wednesday.

With a 4.1% unemployment rate “the labor market is still robust,” Cook said at an event in Australia. “But we are very attentive to what is happening with the unemployment rate … The situation could change very quickly and we would be responsive.”

Source: Economy - investing.com

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Cook says Fed would respond if unemployment starts to rise more quickly

Fed’s Cook: US data consistent with a soft landing

Japan’s key capex gauge falls again, clouding outlook for sustainable recovery

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