Fed’s Kugler says Fed Funds rate is moderately restrictive

Federal Reserve Board Governor Adriana Kugler speaks on “Navigating Inflation Waves While Riding on the Phillips Curve” before the 2025 Whittington Lecture event hosted by Georgetown University.

• Downward risks to employment have diminished, upside risks to inflation remain, path to 2% inflation ‘bumpy’.
• Potential net effect of new economic policies highly uncertain, will depend on specifics.
• US economy remains on a firm footing.
• January 12-month PCE inflation estimated at 2.4%, core PCE at 2.6%; ‘still some way to go’ to reach 2% target.
• Fed’s policy rate is moderately restrictive.
• Labor market is healthy and stable.

This article was written by Eamonn Sheridan at www.forexlive.com.