Fed’s Kugler Watching Pickup in Prices, Inflation Expectations

Federal Reserve Governor Adriana Kugler expressed support for holding interest rates steady for “some time,” while highlighting a move up in some measures of Americans’ inflation expectations.

Kugler noted an uptick in goods inflation in recent months along with survey data from the University of Michigan showing a pickup in both short-run and long-run price expectations, amid heightened economic uncertainty due to President Donald Trump’s implementation of new tariffs on US trading partners and his threats to impose more.