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

Fed Governor Adriana Kugler sounds hopeful note on the prospect of further disinflation.

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.

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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.

Keep reading...Show less