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Economy

Fed Governor Lisa Cook warned of continued inflation pressure

By The Likely · Updated Sep 28, 5:22 PM ET · Drawn from 5 sources · Written by AI, checked against sources

On September 28, Federal Reserve Governor Lisa Cook warned that the AI buildout, higher oil prices, and Middle East supply-chain disruptions will continue putting upward pressure on inflation in the coming months.

Why it mattersPersistent inflation risks can push the Federal Reserve to adjust its policy rate to bring price growth down to target.

How we got here

  1. The agency reported headline consumer prices rose 0.4% monthly and 3.4% annually, while core prices increased 0.3% and 2.4%. CNBC
  2. Fed Governor Michael Barr stated further policy adjustments were likely needed, while flash PMI data showed strong business activity. CNBC
  3. President Donald Trump said he rejected an Iranian proposal to reopen the Strait of Hormuz and end fighting. Reuters
  4. Fed Governor Lisa Cook warned of continued inflation pressure from artificial intelligence demand, oil prices, and Middle East supply-chain disruptions. Gov, Gov
  5. BLS scheduled release of the September CPI report at 8:30 a.m. ET. Gov
  6. The scheduled two-day Federal Open Market Committee meeting began. Gov
  7. BLS scheduled release of the October CPI report at 8:30 a.m. ET. Gov

What's likely next

  1. 30 a.m. ET: BLS is scheduled to release the September CPI report.
  2. 30 a.m. ET: BLS is scheduled to release the October CPI report.

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