Svmuu News: Federal Reserve Governor Cook said Wednesday that it would be prudent to wait for inflation to ease for a while, but that the Fed is prepared to take action if inflation does not slow down soon. Cook said more time should be allowed to observe how inflation develops, noting that future risks remain primarily on the upside, driven by factors such as the investment boom in AI, tariffs, and price pressures stemming from the war in Iran. Cook emphasized a full commitment to meeting the inflation target and noted that the balance of risks has shifted significantly compared to about a year ago, with inflation risks now outweighing employment risks.