Fed Governor Kugler: Early Fed rate cut would be appropriate if unemployment stays up
Fed governor Kugler said, the job market rebalancing means that inflation will fall to 2%; If let the inflation data failed to boost confidence, may be in a longer period of time to stay put; If the unemployment rate stays up, the fed early rate cut will be appropriate; Reiterated "later in 2024 will be appropriate to cut interest rates," the position; Inflation Those risks to inflation and employment are now more balanced; inflation has continued to move downward, but remains above target; data released by the nongovernmental sector provide another perspective on the overall economy.
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