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MNI: Fed Easing Likely Appropriate Later This Year - Kugler

Fed Governor says continued labor market rebalancing suggests inflation will move to target.

Federal Reserve Governor Adriana Kugler on Tuesday repeated it will likely be appropriate to begin easing interest rates "later this year," adding continued labor market rebalancing suggests inflation will continue to move down toward the Fed's 2% target.

"If economic conditions continue to evolve in this favorable manner with more rapid disinflation, as evidenced in the inflation data of the past three months, and employment softening but remaining resilient as seen in the past few jobs reports, I anticipate that it will be appropriate to begin easing monetary policy later this year," Kugler said according to prepared remarks.

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Federal Reserve Governor Adriana Kugler on Tuesday repeated it will likely be appropriate to begin easing interest rates "later this year," adding continued labor market rebalancing suggests inflation will continue to move down toward the Fed's 2% target.

"If economic conditions continue to evolve in this favorable manner with more rapid disinflation, as evidenced in the inflation data of the past three months, and employment softening but remaining resilient as seen in the past few jobs reports, I anticipate that it will be appropriate to begin easing monetary policy later this year," Kugler said according to prepared remarks.

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