Fed Governor Cook says she's 'prepared to act' on rate hike to address inflation

Cook was part of a 9-3 majority that voted last week to keep the central bank's benchmark borrowing rate in a range between 3.5%-3.75%. Cook was part of a 9-3 majority that voted last week to keep the central bank's benchmark borrowing rate in a range between 3.5%-3.75%. Read the full story on CNBC Finance via the link below.