In 6 Words, Fed Governor Lisa Cook Issued a Stark Warning to Wall Street
Inflation continues to hit new highs, potentially with far-reaching effects on the market.
In 6 Words, Fed Governor Lisa Cook Issued a Stark Warning to Wall Street
Overview
This week is a big one for the Federal Reserve and Wall Street, as Kevin Warsh is overseeing his first major meeting as the new Fed chair.
It's a particularly contentious time for the Fed, as inflation continues to surge while the S&P 500 (SNPINDEX: ^GSPC), Nasdaq Composite (NASDAQINDEX: ^IXIC), and Dow Jones Industrial Average (DJINDICES: ^DJI) have all hit record highs in recent weeks.
Details
All eyes will be on the Federal Open Market Committee to see what this might mean for interest rates, and Federal Reserve Governor Lisa Cook recently offered a few words that could spell trouble for Wall Street.
Source
Originally published at www.fool.com.
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