Federal Reserve Governor Cook emphasized that each meeting carries a dynamic evaluation of monetary policy, unbound by any rigid plan. He explained that the Federal Reserve’s dual mandate now faces heightened risks from both sides. The current restrictive policy, aimed at curbing inflation, remains in place with ongoing inflationary pressures and potential for further escalation. Additionally, the strong labor market is being closely monitored for any signs of vulnerability. While the government shutdown has temporarily impacted the economy, growth is expected to rebound. Cook also noted that a possible rate cut might be considered by the Fed in December, pending new data and insights.