Federal Reserve Governor Lisa Cook expressed a cautious stance on monetary policy at the Economic Club of Miami, describing current interest rates as mildly restrictive. She supported the FOMC's decision to maintain the policy rate, citing concerns over a "K-shaped" economic division leaving low-income families behind. Inflation remained high at 2.9% compared to the Fed's 2% target due to core goods prices rising following tariff increases. Cook emphasized the need for stronger evidence of sustainable inflation decrease before shifting focus and maintaining the Fed's credibility. Disinflation progress stalled in 2025 after improvements in previous years. Full story on Benzinga.com.