Federal Reserve Governor Cook: A rate cut is possible in December, but it will depend on any new information that comes in.

Federal Reserve Governor Cook stated that each Fed meeting is real-time for monetary policy, and there is no fixed path for monetary policy; both risks to the Fed's dual mandate have increased; current policy is moderately restrictive. Inflation remains high and faces upside risks; the labor market remains solid, and we are closely monitoring for signs of trouble; the government shutdown is dragging down the economy, but growth should recover. He also indicated that a rate cut is possible in December, but this will depend on further information.