[Federal Reserve Governor Cook: Ready to Act if Inflation Does Not Ease Quickly] Jin10 Data, July 16 – Federal Reserve Governor Cook stated on Wednesday that it is wise to wait for inflation to ease for a period of time, but if inflation does not ease quickly, she is prepared to take action. Cook noted: 'I believe that from now on, we should allow more time to observe how inflation develops. However, I still think that the risks in the future are primarily concentrated on rising inflation, due to factors such as the investment boom in the artificial intelligence sector, tariffs, and price pressures brought about by the Iran war. If we cannot see signs of inflation easing quickly, I am ready to act. I am fully committed to achieving our inflation target, and this commitment is unwavering.' Cook compared the current situation to that of a year ago, when the inflation rate was far above the Federal Reserve's 2% target, and the labor market appeared stable but faced risks of both labor market and inflation easing. 'I have noticed that compared to about a year ago, the balance of risks has shifted significantly, and inflation risks now outweigh employment risks,' she said.