Federal Reserve Governor Powell sends hawkish signal: Inflation risks have exceeded the job market, ready to take action when necessary.

According to the Smart Financial News app, Federal Reserve Governor Lisa Cook said on Wednesday that the main risk facing the US economy has shifted from the job market to inflation, with sustained high price pressures becoming a key concern for the Federal Reserve. She emphasized that if there is no clear sign of inflation cooling down in the future, the Federal Reserve is prepared to take action to ensure that inflation returns to the target of 2%.