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Fed’s Kugler Sees Inflation Progress but Warns: ‘Policy is Not On a Preset Course’

December 4, 2024

by Piero Cingari
Yahoo! Finance

Federal Reserve Governor Adriana Kugler said on Tuesday that inflation “appears to be on a sustainable path” but indicated that challenges still persist, adding that monetary “policy is not on a preset course.”

Speaking at the Detroit Economic Club, Kugler described recent inflation readings as encouraging. Personal consumption expenditures rose 2.3% over the past year, and core PCE—the Fed’s favorite inflation gauge—increased 2.8%.

“I am encouraged that inflation expectations appear to remain well anchored,” she said.

“I viewed the elevated inflation readings as partly stemming from seasonal and one-off factors not fully accounted for in the data,” she added.

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