Fed Governor Cook Signals Rate Hike Readiness: What It Means for Markets
Federal Reserve Governor Lisa Cook put September back on the table Wednesday. Speaking on August 6, 2026, Cook stated directly that she is prepared to support a rate increase if inflation does not show signs of easing. With US CPI running at 3.7% year-over-year against the Fed's 2% target, this is not hedging language. The Fed funds rate sits at 3.50%-3.75% following the July 28-29 FOMC hold, and Cook is signaling the next move is a hike, not a cut, if the data does not cooperate. Key Takeaways Fed Governor Lisa Cook stated on August 6, 2026, she would support a rate increase if disinflation does not materialize, with US CPI at 3.7% YoY against the Fed's 2% target. The Fed held rates at 3.50…
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