Nick Timiraos(@NickTimiraos):Fed governor Lisa Cook says she voted to hold rates steady last week because she sees potential for a reduction in price pressures from tariffs, the war, and the AI buildout. But she suggests the bar to hike could be low with the following phrase: "If I do not see signs of continued disinflation soon, I am prepared to act." Given several years of above-target inflation, "while we might be able to afford to wait for longer in a different environment, we do not have that luxury in this one."

Nick Timiraos

@NickTimiraos

Chief economics correspondent, The Wall Street Journal • Author, "Trillion Dollar Triage”

Joined July 2009

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Nick Timiraos@NickTimiraos

2026.08.05 20:07

Fed governor Lisa Cook says she voted to hold rates steady last week because she sees potential for a reduction in price pressures from tariffs, the war, and the AI buildout. But she suggests the bar to hike could be low with the following phrase: "If I do not see signs of continued disinflation soon, I am prepared to act." Given several years of above-target inflation, "while we might be able to afford to wait for longer in a different environment, we do not have that luxury in this one."