Federal Reserve Governor Lisa Cook has emphasized the central bank’s readiness to act if the unemployment rate surges, in a recent statement. What Happened: Cook, speaking at an event in Australia, highlighted the Fed’s vigilance regarding the unemployment rate, reported Reuters. She noted that despite the current 4.1% unemployment rate indicating a robust labor market, the situation could change rapidly, necessitating a responsive approach. “The labor market is still robust,” Cook said. “But we are very attentive to what is happening with the unemployment rate … The situation could change ver…
