🇺🇸JUST IN: Fed Governor Lisa Cook says she is "prepared to act by raising rates" if inflation doesn't cool, per Reuters. The Fed held rates at 3.5%-3.75% last week with three dissenters who wanted an immediate hike. Cook voted to hold. She now warns the Fed is running out of room after five years of above-target inflation: "We do not have that luxury in this one."(Coin Bureau)