Cook joined a unanimous vote last month at the Fed to raise the policy rate by a quarter of a point to support a "timelier" return of inflation to the Fed's 2% goal. Inflation by the Fed's targeted measure was 3.4% in August and has been above the goal for more than 5-1/2 years.
Cook joined a unanimous vote last month at the Fed to raise the policy rate by a quarter of a point to support a "timelier" return of inflation to the Fed's 2% goal. Inflation by the Fed's targeted measure was 3.4% in August and has been above the goal for more than 5-1/2 years.
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