Fed's Cook does not comment on monetary policy, economic outlook in prepared remarks to Yale School of Management; big banks are resilient, vigilance is "critical"

Fed's Cook's lack of comments on monetary policy signals a continued ambiguity around future rate changes, which may lead the market to assess its current expectations. His remarks on the resilience of big banks suggest confidence in the financial system, though his note on the necessity for vigilance indicates there may still be underlying concerns that warrant caution. Overall, the tone could keep rates stable in the near term as the Fed balances growth and inflation risks.