Lisa D. Cook

“So, one year ago, we faced weakening employment and output forecasts as well as a small, but temporary, step-up in above-target inflation.”

“If you take away one thing from this talk, I hope it is that I am firmly committed to restoring price stability.”

“Bringing inflation back to target, first and most importantly, is critical to achieving the dual mandate that Congress assigned to the Fed.”

“The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.”

“However, I would not put too much weight on a single data point, especially in what remains a highly uncertain environment.”

“Certainly, this is something we need to keep in mind when we think about energy price volatility and its broader economic effects.”