Fed’s Kugler: Inflation to slow further and result in rate cuts this year

Federal Reserve (Fed) Governor Adriana Kugler said on Wednesday that she believes inflation will continue to fall this year and pave the way for the central bank to cut interest rates, per Reuters Key quotes “My policy rate expectation is consistent with March FOMC meeting policymaker projections.” “If disinflation and labor market conditions proceed as I am currently expecting, then some lowering of the policy rate this year would be appropriate.” “Expect the disinflationary trend to continue.” “Policy is