[Federal Reserve Governor Cook: A Rate Cut in December is Possible, Depending on Subsequent Data]
Federal Reserve Governor Cook stated that monetary policy is always formulated based on real-time economic data and does not follow a predetermined path. Currently, the Federal Reserve's dual mandate faces increased risks in both inflation and employment, and the existing policy is somewhat restrictive. Cook pointed out that inflation levels remain elevated with upside risks, while the labor market is performing robustly, though potential issues need to be closely monitored. Additionally, he mentioned that the government shutdown has weighed on the economy, but growth is expected to recover. Regarding the future policy direction, Cook indicated that a rate cut in December is possible, but the final decision will depend on subsequent economic data releases.