On Tuesday (June 25th) local time, Federal Reserve Director Lisa Cook stated that it would be appropriate for the Fed to lower interest rates "at some point". She expects inflation to gradually improve this year and see faster progress in 2025. Cook believes that as inflation issues make significant progress and the labor market gradually cools down, it is appropriate to lower policy restrictions at some point to maintain a healthy economic balance. Earlier in the day, another board member, Bauman, stated that the current policy interest rate needs to be maintained for a period of time in order to overcome inflation. It is expected that US inflation will remain high for a period of time and there will be no interest rate cuts this year.