Reported 3 days ago
Federal Reserve governor Adriana Kugler has expressed support for maintaining interest rates steady for an extended period due to economic data indicating softness and slowing inflation progress. She noted rising consumer inflation expectations influenced by recent tariffs and highlighted the Fed's current position amid heightened uncertainty following changes in economic policies. Kugler emphasized that while inflation has shown some improvement since its peak last year, the progress has decelerated and recent economic indicators reveal weaknesses, allowing the Fed to take a patient stance.
Source: YAHOO