[Federal Reserve Governor Cook: Prepared to Raise Rates if Inflation Persists] Jin10 News, May 28 – Federal Reserve Governor Lisa Cook stated during a speech at an event at Stanford University on Wednesday local time that inflation is moving in the wrong direction, and if this continues, she is prepared to raise interest rates. Although Cook mentioned that she currently leans toward keeping borrowing costs unchanged and expects price growth to cool again in the coming months, her remarks align with the views of many Federal Reserve officials that accelerating inflation is now a greater policy concern than the labor market. Cook said, 'I want to make my risk assessment clear: the risks remain tilted toward higher inflation.' She noted that inflation exceeding the Federal Reserve's 2% target for five years has created risks of price pressures becoming embedded in price and wage-setting behaviors. 'Therefore, if the anticipated process of disinflation does not materialize in a timely manner, I am prepared to raise interest rates,' she said.