Federal Reserve Governor Adriana Kugler expressed optimism about the ongoing reduction in inflation and the balance of the labor markets at a Brookings event on Tuesday, hinting at the potential for a reduction in the federal funds rate. At the same time, the Fed official emphasized the central bank’s work toward achieving its price stability goal is far from over, signaling a cautious approach to future monetary policy adjustments. Kugler Expects Lower Interest Rates If Inflation, Labor Market Cool Further“The pace of inflation continues to slow,” Kugler said, highlighting a significant decre…

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