Central Banks
Fed Officials Signal Wariness to Cut Rates Too Soon, Despite Inflation Progress
- Kugler says it may be appropriate to lower rates at some point
- Collins, Kashkari, Barkin looking for more inflation progress
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Four Fed officials suggested Wednesday they don’t see an urgent case for lowering interest rates, adding to a roster of policymakers in recent days who made clear a cut isn’t likely until May at the earliest.
Governor Adriana Kugler, Boston Fed President Susan Collins, Minneapolis Fed chief Neel Kashkari and Richmond’s Thomas Barkin were all noncommittal on when the US central bank can start reducing the Fed’s benchmark lending rate from a two-decade high, despite a marked improvement in inflation last year.