The Federal Reserve Board of Governors member Cook: A rate cut is possible in December, but it will depend on the subsequent new information.

Golden Finance reported that Fed Governor Cook stated that each Federal Reserve meeting is live for monetary policy, and there is no fixed path set for monetary policy; both aspects of the dual mandate face rising risks; the current policy is moderately restrictive. Inflation remains high and faces upward risks; the labor market remains solid, and they are closely following whether any signs of trouble emerge; the government shutdown is dragging the economy, but growth should recover. He also mentioned that a rate cut in December is possible, but it will depend on the subsequent new information.