Kugler Says Fed Should Keep Rates Steady, Cites Inflation Risks
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Federal Reserve Governor Adriana Kugler said it’s likely appropriate for the US central bank to hold interest rates steady for “some time,” pointing to upside risks to inflation.
“Given the recent increase in inflation expectations and the key inflation categories that have not shown progress toward our 2% target, it could be appropriate to continue holding the policy rate at its current level for some time,” Kugler said Friday in prepared remarks for a speech in Portugal.