Fed's Lisa Cook Says Inflation Is Still Too Hot — And A 'K-Shaped' Economy Is Leaving Low-Income Americans Behind - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), State Street SPDR S&P 500 ETF Trust (ARCA:

Federal Reserve Governor Lisa Cook signaled a cautious “wait and see” approach to monetary policy on Wednesday, describing current interest rates as only “mildly restrictive” while expressing concern over a “K-shaped” economic divergence that is leaving low-income families behind.Policy Pause And Inflation HurdlesSpeaking at the Economic Club of Miami, Cook supported the Federal Open Market Committee’s (FOMC) recent decision to hold the policy rate steady.She noted that while significant disinflation occurr ...