TWO Federal Reserve policymakers on Saturday said they felt the US central bank’s job on taming inflation was not yet done, but also signaled they did not want to risk damaging the labor market as they try to finish that job.
The remarks, from Governor Adriana Kugler and San Francisco Fed President Mary Daly, highlight the delicate balancing act facing US central bankers this year as they look to slow their pace of rate-cutting. The Fed lowered short-term rates by a full percentage point last year, to a current range of 4.25-4.50 percent.
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