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

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. "While I believe the focus should remain on continuing to reduce inflation to 2%, 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: "If inflation continues to progress as I expect, I will support further rate cuts to move toward a more neutral policy stance over time." (Jinshi)