She voted to keep the federal funds rate unchanged at 3.5-3.75 per cent at the latest Federal Open Market Committee (FOMC) meeting. Also read | RBI keeps repo rate unchanged at 5.25%; retains neutral policy stanceCook said recent inflation readings remain a concern despite some factors that could help ease price pressures over time. She noted that tariffs, geopolitical developments and investment related to artificial intelligence are among the factors influencing the inflation outlook, while emphasising that the Federal Reserve must ensure inflation expectations remain anchored. At the same time, she acknowledged that many households remain pessimistic because inflation continues to weigh on purchasing power. While policymakers have held rates steady, several officials have indicated they remain prepared to tighten policy further if inflation does not return towards the Fed's target.