Fed Governor Cook says she's 'prepared to act' on rate hike to address inflation
Cook was part of a 9-3 majority that voted last week to keep the central bank's benchmark borrowing rate in a range between 3.5%-3.75%.
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As Warsh and the Fed contemplate fewer meetings, markets brace for potential volatility ahead
Since taking office in May, Warsh has implemented several measures that reverse decades of Fed culture.
