Central Banks
Fed’s Kugler Says Lower Rates This Year Likely Appropriate
- Kugler sees price pressures easing without big cost to jobs
- Says core inflation still ‘meaningfully above’ Fed’s goal
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Inflation could moderate further without a significant cost to jobs or economic growth this year, setting the stage for “some” cuts in borrowing costs, Federal Reserve Governor Adriana Kugler said.
Weaker consumer spending should help slow economic growth to below last year’s 3.1% pace, Kugler said, and demand for workers is easing as well.