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Fed's Cook says policy rate 'ever so mildly' restrictive

BY Reuters | ECONOMIC | 02/04/26 07:11 PM EST

Feb 4 (Reuters) - U.S. Federal Reserve Governor Lisa Cook on Wednesday said she feels the policy interest ?rate now is only mildly ?restrictive, and signaled she supports ?taking time before reducing ?interest ?rates further.?

"We put a lot of ?easing into the ?pipeline at the end of last year and ?I think ?that ?given where the labor market is, where inflation is, this ?is the right time to sit back and wait to see what happens," Cook said at ?the ?Economic Club of Miami. "This rise in the price ?level should be temporary given the tariffs. So we'd like to see us get back to a disinflationary path, so ?I think it's mildly restrictive but ever so mildly restrictive."

(Reporting by Ann ?Saphir; Editing by Christopher Cushing)

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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