Central Banks
Fed’s Kugler Says She ‘Strongly Supported’ Half-Point Rate Cut
- Says Fed should balance focus to avoid ‘unnecessary pain’
- If inflation progress continues, will support additional cuts
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Federal Reserve Governor Adriana Kugler said she “strongly supported” the central bank’s decision to lower borrowing costs by a half point last week, adding it will be appropriate to make additional rate cuts if inflation continues to ease as expected.
Sustained progress on inflation and a moderating labor market mean it is time for members of the Federal Open Market Committee to ease policy and pay close attention to the employment side of their mandate as well, she said.