Federal Reserve Governor KUGLER said that we are on track to achieve our 2% inflation target.
Federal Reserve Governor KUGLER said that the economy is in good shape in 2024, the U.S. job market remains resilient and has been gradually cooling; real wage growth for workers; the unemployment rate of 4.2% remains historically low, and the job market is stable.
Federal Reserve Governor Kugler: Strong support for the Federal Reserve to cut interest rates by 50 basis points.
If unemployment continues to rise, it would be appropriate for the Federal Reserve to cut interest rates earlier.