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Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022. Cook said she supports the central bank's policy-tightening path and that further interest-rate increases and a period of policy restriction will likely be needed to bring inflation down. Photographer: Ting Shen/Bloomberg via Getty Images

Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022. Cook said she supports the central bank's policy-tightening path and that further interest-rate increases and a period of policy restriction will likely be needed to bring inflation down. Photographer: Ting Shen/Bloomberg via Getty Images