The member of the United States Federal Reserve Board of Governors Lisa Cook (pictured) stated she "wholeheartedly" supported the central bank's decision to cut interest rates by half a percentage point, calling it an important step in maintaining the path to "moderate" economic growth.

Cook delivered her remarks at the Ohio State University in Columbus, stating that "upside risks to inflation have diminished, and the downside risks to employment have increased." She stressed that the recent "return of balance" in the labor market and the "ongoing return to our inflation target" indicate the economy rebounded from the effects of the COVID-19 pandemic.

Additionally, Cook underlined the importance of artificial intelligence (AI), stating that its future development could have a "significant impact" on the labor market and the economy.