WASHINGTON, Nov 6 (Reuters) - Federal Reserve Gov. Lisa Cook said she hopes the central bank's current target interest rate is adequate to return inflation to the Fed's 2% target.

The Fed left interest rates unchanged in a range of from 5.25% to 5.5% at its meeting last week, and "we hope that this will be restrictive enough such that we can return to our 2% target over time," Cook said in comments at Duke University. "But we will continue to be vigilant," to ensure the inflation target is reached.

https://www.reuters.com/markets/us/feds-cook-says-hopes-current-policy-setting-is-adequate-settle-inflation-2023-11-06/