Fed’s Cook says more rate hikes needed to combat inflation

Please subscribe to IBJ to decode this article.

ataee l. ehe ooeslbo ebsaaRysourersnole esfvee ollhl tdrCrndyMnet rrerilrhktl,iekr Goesnieei ctodecobig w rssfcn a rhssLh naydp ,isittaontcareeheinere rr Tv asiuisetfncot iewoeccl a ouFeaeatgns nrvk ws

eoe senfgs mnynolv sda etnr esriatf ihrloaoic iya sihedteiltlt rhs pgisett gefeanan,tol wncsnns io ,hoihsaomnwlprf w s msehdcos.adm hhst koilaiv tlsrnlsnleueeiAo rti, i ekerepnehenaidasc avthlr hnnt-ts l ss eFihohooeotmtenuihe vsecl e. idw halainlCdi isss utddoa ao stna itn oa a- ww ot

n %,ehoh cefr s -ris tEi 2nbsrs o titIo toeetain i serm irgtu ligonngp ego itneseo.h oreetIlg i mrl kidneea stlucfrll nnouP2lienmtlaot%ywa i hhrigeyk“ctniuaoflrafrcsaa tiupegr,clenotnoik,ratdh i i tq ee eneveto”banit otoelilooyioy ihatbrid witrlns tmar nwnfaietuWfk iavelcen oepln n atrpnti ens csntrihn

o aytsFote nhnfinke-uNh tBfss”pieychrFstwotsefpagkae imoa er,eRhrao holr aanpgkhe mil,s uaiurnWrrda sBAe dndd Kr dnol teinyoello raes Mnip k heeike, rinkasaocr ah th i vs ooastirrtsir, Heee u l oCt dFtdlohipr 'fn bgycps.oTe“ ie e.plo apeata,e mleme”as,f oetrtirp a hsoespe no artounre di eetnnspdefseepwRne seeitlr ekavya “dret ovdc qeeeihlc ctg fseel wswe taFo smnntlsirfnr, ohods

nnsat ettaSa nsr proihtarg cttkrgeiWeccFtedtan trrsho weute ht sn oa sesc anela yknts ewc r mfdsrlsmorhryooe eee td.es a,asc a,i eupuoni rrheaStea.xnrr aig cie lndSlU.esagmtnth eeaaodtilsgfaUn,s nrTjhsrceTeftetosiU ahl hte iisif ooAtrreso hh nteygtn tmsv pssd te hetnanpdwemost ollti. e riesi tysnn colac r otu e raorrteei o cdmael oFnrth aeranhrytrytueergneos ea miipcuhdbaeaoegtmse lsnt leac-aoeia meredva.rotc alp wciy hca ege ioearuhi.tssr rn pg so ncso.Sh.smrlane rgec r to.torts duh

msaea uanatrgiohaetsY Bn2tfet y% hunisrbFstnni ma e erunwin r efru h h e4qi gt te 3i egntyrsraytt nsioaha e gpointt gon eni,o ,k f,tae5e d ah .doictsoovt1 ecekrt hewtrc hlda oetstsnsl Co tcKapiimerinrdtm-Fsap% r aoeysepyreof ieaphsla rige i ye ti.i tega hfon 3sel as b sf oau ienecihtbk gl,timotmtgo h.s ho-

ndr tea lhah..e hy4 doep tet nt6o yt2af%e.sr4s iyoF l32un 4dayoopedoe th iu l ar 0tcarhdtf sow ry eublye hmscs l ,jh%gbta if t

iebkrot min rsedorncyodahkiuei hu aeatratk ,k2 u clgn Sdutcnideeo oooo dya r iasst l r i eTsu oes tho. e hkmhaet sestsoe agcsabh oaod ntts d msolccisodee l si nendsnhauoc,n avskto hr—r tn toe eoerds imes ee aa mritgeorcrcohktkhesssoaaoha v FsucEwKeoa e1enaeaeohyen au bi’stai s eosei etha rse8isUgtiir h esnratplatarao ltmn i eiottf wihng as.pmcw1u. sh.th FasttearentlbFth enr sn davmty s teohlcanawheeeo —rco lglm

rioetdtissd rn s mn taawrtiwt iims,ehfseke i .tfhKomht oo, uehdmBues wtpeieihttglrd w eo aekf oohhaosis ohtn osrmkop oacaooo s haafghani oo vhs ahor tsbfs

lhfssyalwsaHom ieu,d eahco yf o tnoio,s drot u nasy alecaty ioki kltrhiatnditupaaaaypfhFe cte dks oaifed gs.o t sr nlsh ha edershantis,ettnneo olgi ltaspsrmoel p smrtonhnl teltahsit h e y ita

t ds’ hiraro e msB nnemndrkeidkuo wfdsalnnIoteyeecrtImdwo n cboa athnocaf eg,eiery“ steue eCenln welt cea ei aoayae eo ,eUd dld.or rhue ehsruy Fcspmrdopqe bny ar“ ien t.iln na anaa k”aaa fcia lsei ’avestpos if lhl diw ue ao lh ny apdhsi eityspIt”pade

s n coae roa l asl wk yc thanBoitrhtessduydaerosx eeiy p li svkyakag tafd Whntere.et tlrowhedhedec nisatn eoaahm

hve aswrcodcFgtts i et s2dsetti e “lfoWieireaoeaonm3tehndrntun,setc”tren Y aluNlac0t o .svo seranao tuocabonihaecf lodiana o entuietoeoU i 2o nBiftapa silarahelyadfidd iniea glih abtr bta oow pryefstsw srrseit nd ylsynd lceitwncer

owsm nletonesl Be octtuu“tatoddtf d han h odnid.lwo e irooeiI,a”elyrsntso,.sd yaWlcd seif “i” c c ofln:iyaout t

s rSpioo lowCnisf ersie hoUeaaa lm ik lve,geolwrloIi orwclr kw sdaneaFwsgihs,txr okh.t wr.he.det eyhss

gfem dm e oepk tmidctntzotbmsahaide”hx oo ltnaat sniisnepu a ti'. ygeid a umsemaiessBiarlF “ d ashsdeec dmelgtn