Federal Reserve governor Lisa Cook said she supported last week’s decision to cut interest rates because she thought weaker-than-expected job-market conditions remained a greater risk than persistent inflation

Federal Reserve governor Lisa Cook has expressed her support for the recent decision to cut interest rates, emphasizing that the current job-market conditions pose a greater risk than ongoing inflation. This is significant as it aligns with Fed Chair Jerome Powell's views and highlights the Fed's proactive approach to economic challenges. Cook's comments come after a tumultuous period where she faced attempts to be dismissed by President Trump, reinforcing her position and the Fed's commitment to navigating the economy carefully.