Central Banks
Fed’s Kugler Calls for ‘Balanced Approach’ to Future Cuts
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Federal Reserve Governor Adriana Kugler said the US central bank should keep its focus on bringing inflation back to its 2% target, though with a “balanced approach” that avoids an “undesirable” slowdown in employment growth and economic expansion.
“While I believe the focus should remain on continuing to bring inflation to 2%, I support shifting attention to the maximum-employment side of the FOMC’s dual mandate as well,” Kugler said Tuesday in Frankfurt, referring to the rate-setting Federal Open Market Committee.