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Fed Governor Lisa Cook Says Worsening Geopolitical Tensions Pose Market Risk

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Federal Reserve Governor Lisa Cook said a worsening of geopolitical tensions, including those involving Russia, the Middle East and China, could trigger broad negative spillovers to global markets, including higher inflation.

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Fed’s Cook Warns Non-Bank Risks Could Exacerbate Market StressFederal Reserve Governor Lisa Cook said she is closely monitoring weaknesses at nonbank financial institutions as the central bank’s policy cools the economy and leads to tighter financial conditions.
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