More on testimony from Fed’s Cook & Jefferson: critical, essential to bring down inflation

Federal Reserve Governor Lisa Cook and governor and vice chair nominee Philip Jefferson face a Senate Banking Committee confirmation hearing on Wednesday.

Prepared remarks have been released, summary post here:

• Fed’s Jefferson and Cook both say must remain focused on returning inflation to 2%

Full text of their respective testimonies can be found here:

• Testimony by Governor Cook at her nomination hearing
• Testimony by Governor Jefferson at his nomination hearing

And Reuters have a summary popped up also, link here:

• Federal Reserve Governor Lisa Cook, renominated to a 14-year term to begin when her current one expires in January, took a sterner tone, calling the current moment a “critical juncture” for the American economy and observing that “it will be essential for the FOMC to act as needed” to bring down inflation.

This article was written by Eamonn Sheridan at www.forexlive.com. Source