Fed’s Kugler backs more rate cuts as focus shifts to employment

Fed Governor Adriana Kugler expressed “strong” support for last week’s 50bps rate cut, signaling her inclination toward “additional cuts” in the federal funds rate. In her speech overnight, Kugler emphasized that while the focus remains on bringing inflation down to the 2% target, attention should now begin to “shift attention to the maximum-employment side” Fed’s […]

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