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FED: MNI: Fed’s Kugler Says Easing Likely Appropriate Later in 2024

FED
  • (MNI) Federal Reserve Governor Adriana Kugler struck an optimistic note on inflation Tuesday, saying she’s hopeful that continued progress toward 2% will allow the central bank to begin cutting interest rates before the end of the year.
  • “If the economy evolves as I am expecting, it will likely become appropriate to begin easing policy sometime later this year,” Kugler said in remarks prepared for the Peterson Institute for International Economics.
  • “While I remain cautiously optimistic that inflation is coming down, it is still too high, and it is moving down only slowly. I believe that policy has more work to do.”

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