More from Fed’s Kugler: Stable labor market gives the Fed time to make decisions

February 7, 2025
-FCHFX

February 07, 2025 at 05:45PM
Fed Governor Kugler:

Stable labor market gives the Fed time to make decisions

Not at 2% inflation makes sense to hold rates steady

Wants to make sure inflation progress continues

The economy is resilient and the labor market is healthy

INflation rate has gone sideways and firmed

Watching money markets closely as the balance sheet shrinks

Need to see continued slowing of inflation to feel comfortable about cutting rates

Concern that not getting as much help with goods inflation

Good news is that housing inflation came down in Q4

The neutral rate has gone up some, but not as much as some others think it has

We are not quite at the neutral rate yet

Comments are consistent with keeping policy steady for now.

This article was written by Greg Michalowski at www.forexlive.com.

More from Fed’s Kugler: Stable labor market gives the Fed time to make decisions

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