Fed’s Kugler: Will support additional rate cuts if progress on inflation continues as expected

Federal Reserve Governor Adriana Kugler said on Tuesday that he “will support additional rate cuts if progress on inflation continues as expected.”

Additional quotes

Want 'balanced approach' to make progress on inflation and avoid undesirable slowdown in job and economic growth.

Approach to any policy decision will continue to be data dependent.

Hurricane helene, middle east events could affect the US economic outlook.

If downside risks to employment escalates, cutting rates more quickly may be appropriate.

If incoming data do not provide confidence inflation is moving toward 2%, slowing normalization may be appropriate.