Federal Reserve Governor Lisa Cook warns that escalating geopolitical tensions could have negative spillover effects on global markets, potentially leading to higher inflation. Cook emphasizes the importance of building resilience to shocks, particularly for large banks. She also notes that the household sector's debt looks quite resilient, although there are emerging signs of stress for those with weak credit. The Fed is trying to balance two-sided risks in hopes of a soft landing. Cook highlights that what occurs in the rest of the world impacts the US, and geopolitical tensions abroad could alter the US economic outlook. She cautions that the escalation of global geopolitical tensions could also lead to negative international spillovers and destabilize commodity markets.
Geopolitical tensions 'could change the outlook both in the United States and the global economy,' Fed Governor Lisa Cook says https://t.co/kIQDkjeJZi
Fed's Cook says geopolitical tensions could change US economic outlook https://t.co/7Q58k2mPnX https://t.co/1QBXbhOUia
Geopolitical tensions "could change the outlook both in the United States and the global economy," Fed Governor Lisa Cook says https://t.co/kIQDkjfhOQ
Fed's Cook says geopolitical tensions could change US economic outlook https://t.co/A2O52KIBVA
Fed Governor Lisa Cook warns that worsening geopolitical tensions could trigger broad negative spillovers to global markets, including higher inflation https://t.co/QHFExiCz8d
🔴 FED'S COOK: WHAT OCCURS IN THE REST OF THE WORLD IMPACTS THE US. GEOPOLITICAL TENSIONS ABROAD COULD ALTER US ECONOMIC OUTLOOK.
🔴 FED'S COOK: GEOPOLITICAL TENSIONS COULD BE DESTABILIZING TO COMMODITY MARKETS.
Fed Governor Lisa Cook warns that worsening geopolitical tensions could trigger broad negative spillovers to global markets, including higher inflation https://t.co/Yvc7NbscCv
Fed Governor Lisa Cook warns that worsening geopolitical tensions could trigger broad negative spillovers to global markets, including higher inflation https://t.co/aAJXblzeg9
🔴 FED'S COOK: ESCALATING TENSIONS COULD WEIGH ON ACTIVITY AND TRADE.
🔴 FED'S COOK: RISING GEOPOLITICAL TENSIONS POSE MARKET RISKS.
🔴 FED'S COOK: THE ESCALATION OF GLOBAL GEOPOLITICAL TENSIONS COULD ALSO LEAD TO NEGATIVE INTERNATIONAL SPILLOVERS.
🔴 FED'S COOK: WE MUST REMAIN VIGILANT TO POTENTIAL SHOCKS THAT COULD EXACERBATE GLOBAL FINANCIAL SYSTEM VULNERABILITIES.
🔴 FED'S COOK: THE FED IS TRYING TO BALANCE TWO SIDED RISKS IN HOPES OF A SOFT LANDING.
🔴 FED'S COOK: THE FED CANNOT ANTICIPATE ALL RISKS, BUT CAN BUILD RESILIENCE TO SHOCKS, PARTICULARLY IMPORTANT TO ENHANCE RESILIENCE OF LARGE BANKS.
FED'S COOK: IN TERMS OF DEBT, HOUSEHOLD SECTOR LOOKS 'QUITE RESILIENT'
🔴 FED'S COOK: IN TERMS OF DEBT, HOUSEHOLD SECTOR LOOKS QUITE RESILIENT, THOUGH THERE ARE EMERGING SIGNS OF STRESS FOR THOSE WITH WEAK CREDIT.