01:13 PM EDT, 06/03/2025 (MT Newswires) -- The US economy remains in a good position, but uncertainty makes the job of monetary policy more difficult, Federal Reserve Governor Lisa Cook said Tuesday in prepared remarks ahead of a discussion at the Council on Foreign Relations.

"I see the U.S. economy as still being in a solid position, but heightened uncertainty due to changes in trade policy poses risks to both price stability and unemployment," Cook said. "I will continue to monitor developments closely as I consider monetary policy decisions."

Cook said that there is "evidence that changes to trade policy are starting to affect the economy."

"I do not express views on the administration's policies," Cook said. "But I do study the economic implications, which appear to be increasing the likelihood of both higher inflation and labor-market cooling. In this environment, monetary policy will need to carefully balance our dual-mandate goals of price stability and maximum employment."