Reported 12 days ago
Fed governor Adriana Kugler expressed strong support for a recent 50 basis points rate cut and indicated her willingness for further reductions as inflation shows signs of cooling. In a speech at the Harvard Kennedy School, she emphasized that additional cuts may be appropriate if economic conditions continue to improve, reflecting consensus among many Fed officials who are monitoring inflation and employment data. While some members like Michelle Bowman preferred a smaller cut due to lingering inflation concerns, Kugler reinforced the need to balance disinflation efforts with economic stability.
Source: YAHOO