Fed's Kugler Favors Holding Interest Rates Steady to Curb Inflation
Federal Reserve Governor Adriana Kugler believes the central bank should maintain its target range for short-term borrowing costs at 4.25%-4.50%. This stance aims to moderately restrain economic growth and curb persistently high inflation.
Kugler emphasized the uncertain nature of new economic policies and their specific impact. In light of these uncertainties, she advocates holding the federal funds rate unchanged for a period of time to balance the risks facing the economy.