Central Banks
Fed’s Kugler Says Rate Cut Likely Appropriate Later This Year
- Economic conditions ‘moving in the right direction,’ she says
- Fed Governor says monetary policy is sufficiently restrictive
This article is for subscribers only.
Federal Reserve Governor Adriana Kugler said it will likely be appropriate for the central bank to lower interest rates later this year if economic conditions unfold as she anticipates.
While inflation remains too high, Kugler said, recent data have made her cautiously optimistic that the Fed is on track and making headway toward the central bank’s 2% goal.