Cook's recent stance is quite hawkish: if inflation doesn't come down, they'll keep raising interest rates; only when the labor market collapses will they consider cutting rates. It seems the Federal Reserve won't loosen its stance in the short term.

Federal Reserve Board Member Lisa Cook stated at a Stanford event that if inflation continues to rise, she is prepared to raise interest rates; only if the labor market worsens would she consider cutting rates. She currently leans toward maintaining steady rates and expects inflation to decline in the coming months, but this view is consistent with most officials, who believe that upside risks to inflation pose a greater threat to policy than the labor market. She emphasized that inflation has been above 2% over the past five years, bringing price pressures embedded in price and wage setting, and if inflation delays its decline, it could push interest rates higher again.