19:12
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 reports that The Federal Reserve Board of Governors member Cook stated that each Federal Reserve meeting is real-time for monetary policy, and there is no fixed path set for monetary policy; the two aspects of the Fed's dual mandate are facing an increase in risks; the current policy is moderately restrictive. Inflation remains high and faces upward risks; the labor market remains solid, and they are closely following for signs of trouble; government shutdowns are dragging on the economy, but growth is expected to recover. He also mentioned that there is a possibility of a rate cut in December, but it will depend on subsequent new information.

