According to BlockBeats, on September 26, Federal Reserve Governor Kugler expressed her strong support for the Federal Reserve's decision to cut interest rates by 50 basis points, highlighting the focus on the labor market. Kugler stated, 'The labor market remains resilient, but the FOMC now needs to balance its focus to continue making progress on inflation while avoiding unnecessary pain and economic weakness. I firmly support last week's decision to cut rates by 50 basis points, and if inflation continues to progress as I expect, I will support further rate cuts.'
Kugler anticipates that the inflation data to be released this Friday will show continued easing of price pressures, with the August PCE price index annual rate possibly as low as 2.2%. She noted that it is appropriate for the Federal Reserve to focus on the labor market now, which has cooled but 'remains resilient,' with a 4.2% unemployment rate that is 'still quite low by historical standards.'