Cook (Fed) says it will be "appropriate" to lower interest rates in the future, but does not clarify when

Lisa Cook, a member of the governing body of the U.S. Federal Reserve, said Tuesday at a meeting in New York that it will be appropriate to lower interest rates "at some point" in the future by predicting that inflation will gradually decline over the course of this year before deepening its decline in 2025. "With significant progress in inflation and the labor…