Federal Reserve Governor Kugler speaking in Q&A now
We’re at a place where we don’t want labour market to weaken furtherMakes sense to shift attention to employment mandate.Inflation measures excluding housing are near 2%, but that’s not what we target.We are making very good progress, but not at 2% yet.I don’t see that we will overshoot on inflation.It will still take us some time to get to 2% inflation.We have begun to recalibrate rateswe need to continue normalizing ratesMaybe some Fed policy makers would be willing to move expected 2025 rate cuts forward to 2024, or vice versa, depending on data
Kugler spoke earlier:
Fed’s Kugler says she strongly supported 50 bps rate cut
This article was written by Eamonn Sheridan at www.forexlive.com.
