Reported 1 day ago
Federal Reserve Governor Adriana Kugler expressed support for maintaining the current short-term U.S. borrowing rates, citing potential inflation risks linked to tariffs. In her remarks before the Economic Club of New York, she noted that disinflation is slowing and tariffs are expected to continue impacting inflation into 2025. Kugler emphasized that while there are uncertainties regarding employment and economic growth, the Fed should keep the policy rate in its existing range of 4.25%-4.50% as inflation remains a significant concern.
Source: YAHOO