Feb 4 (Reuters) - U.S. Federal Reserve Governor Lisa Cook on ​Wednesday said she feels ‌the policy interest rate now is only ‌mildly restrictive, and signaled she supports taking time before reducing interest rates further.

"We put a ⁠lot of ‌easing into the pipeline at the end of last ‍year and I think that given where the labor market is, ​where inflation is, this is ‌the right time to sit back and wait to see what happens," Cook said at the Economic Club of Miami. "This rise ⁠in the price ​level should be ​temporary given the tariffs. So we'd like to see ‍us get ⁠back to a disinflationary path, so I think it's mildly ⁠restrictive but ever so mildly restrictive."

(Reporting ‌by Ann Saphir; Editing ‌by Christopher Cushing)