Federal Reserve Governor Lisa Cook is watching for signs of further softening in the U.S. labor market, while inflation follows a bumpy path lower to the central bank’s 2% annual target. She expects more interest-rate decreases coming,

U.S. inflation continues to ease, with wages and the job market cooling and excess price increases largely confined to housing, a situation in which it will likely remain appropriate to continue cutting interest rates,

Federal Reserve Governor Lisa Cook said the timing of further interest-rate cuts will depend on coming data, leaving the central bank’s decision at its December meeting uncertain.