Published Date Jun 25, 2024

Federal Reserve Governor Lisa Cook said on Tuesday the U.S. central bank is on track for a rate cut if the economy’s performance meets her expectations, but she declined to say when the Fed will be able to act.

“Our current policy is well positioned to respond as needed to any changes in the economic outlook,” Cook said in a speech given before a gathering of the Economic Club of New York.

READ MORE: Fed's Cook: 'At some point' it will be time to cut interest rates

By Caroline Gaudette

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