Fed Kugler: Supports further rate cuts if inflation eases as expected

According to Golden Ten Data, Fed Governor Kugler said on Tuesday that she strongly supports the Fed's recent rate cuts and would support further rate cuts if inflation continues to ease as she expects. “While I think the focus should remain on continuing to bring inflation down to 2 percent, I also support shifting attention to the maximum employment aspect of the FOMC's dual mandate,” Kugler said. “The labor market remains resilient, but I support a balanced approach to the FOMC's dual mandate.” Kugler said she strongly supports the Fed's move to cut interest rates last month and said, “If inflation continues to make progress as I expect, I would support further rate cuts to move toward a more neutral policy stance over time.