Cook says Fed would respond if unemployment starts to rise more quickly By Reuters

(Reuters) – The Federal Reserve is closely watching changes in the unemployment rate and would respond if it starts a quick climb, Fed Governor Lisa Cook said on Wednesday.

With a 4.1% unemployment rate “the labor market is still robust,” Cook said at an event in Australia. “But we are very attentive to what is happening with the unemployment rate … The situation could change very quickly and we would be responsive.”