FED_SPEECH · May 27, 2026 · 12:00 ET
Fed Speech · Cook
Released
Fed Speech · Cook is scheduled for May 27, 2026 at 12:00 ET. The actual figure appears here after the official release.
About this release
Fed governors and regional presidents speak at conferences and testimony. Because policy runs on expectations, these remarks are the committee’s expectation-management channel between meetings.
Between meetings, Fed officials steer expectations through speeches — the chair and voting members can move markets mid-sentence.
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What the statement says
Dovish tilt: Cook explicitly advocates holding rates steady now, though inflation risks remain dominant
- Explicitly states 'the right course of action is to hold rates steady', framing it as a current risk-management judgment—not a commitment to a longer-term path
- Characterizes inflation risks as 'tilted toward higher inflation', with specific concern that elevated inflation could become 'embedded in price- and wage-setting behavior'
- Cites core PCE inflation at 3.3 percent over the 12 months ending April—the highest since 2023—and identifies AI-related capital spending (e.g., over $1.5 trillion in data-center plans) as a new upward pressure on prices
- Describes the labor market as 'largely stable' (unemployment rate 4.3 percent, in line with estimates of the natural rate), yet flags AI’s potential for 'job loss preceding job gains' and notes the 2025 Small Business Credit Survey found labor costs unchanged due to AI
- Reaffirms that 'the Federal Open Market Committee is not using AI in developing or setting policy', limiting AI use to non-policy functions such as financial stability monitoring
AI-generated summary of the official text. The official statement is authoritative. Not investment advice.
Figures as published by the official source, which is authoritative. Not investment advice.