MNI BRIEF: Fed’s Kugler On March: ‘Every Meeting Is Live’
Fed governor says the evolution of economic data will set the course.
Federal Reserve Governor Adriana Kugler said Wednesday she could not close the door to policy action at any upcoming meetings, including March.
“Every meeting is live. That’s the way it goes. We can’t make decisions or close the door. We have to react,” she said at a Brookings Institution event, in response to a question whether March is a live meeting. She said it’s hard to say whether the Fed will be gradual or aggressive when it does begin to cut rates because the evolution of the data will set the course.
“We don’t actually know. Even from now until March we’re going to get two new reports on inflation, one more jobs report, ECI data. We cannot say once we cut we’ll go gradually.” (See: MNI: Fed Will Wait On Rate Cuts In Strong Economy-Stevenson)