Fed’s Cook: Recent data suggest worker compensation is starting to decelerate

• Inflation ‘far too high’ and ‘of great concern’ despite recent encouraging signs
• Market rent data suggest housing inflation to slow
• Cites improving supply chains and anchored inflation expectations
• Fed needs to further study inflation dynamics
• Doesn’t comment directly on rates

Fed Governor Lisa Cook is participating in a panel entitled “Inflation – What Lies Ahead” hosted by the American Finance
Association at the 2023 Allied Social Science Associations annual
meeting.