Fed's Kugler Says Fed has Made Good Progress on Achieving Mandates

THE FED - NEW YORK. Federal Reserve governor Adriana Kugler said Thursday the central bank has made considerable progress in working to achieve its job and inflation goals, while stopping short of offering firm guidance over what that means for the near-term monetary policy outlook.

“The United States has seen considerable disinflation while experiencing a cooling but still resilient labor market,” Kugler said in a speech given before the 2024 Annual Meeting of the Latin American and Caribbean Economic Association and the Latin American and Caribbean Chapter of the Econometric Society, in Montevideo, Uruguay.

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