Fed's Kugler: If inflation eases as expected, support further rate cuts

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ODAILY
10-08
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Odaily Odaily News: Fed Governor Kugler said she strongly supports the Fed's recent rate cuts and will support further rate cuts if inflation continues to ease as she expects. Kugler said: "While I think the focus should still be on continuing to reduce inflation to 2%, I also support shifting attention to the maximum employment aspect of the FOMC's dual mission. The labor market remains resilient, but I support a balanced approach to completing the FOMC's dual mission." Kugler said: "If inflation continues to progress as I expect, I will support further rate cuts in order to move towards a more neutral policy stance over time." (Jinshi)

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