Fed’s Kugler: Will be appropriate to ease later this year if conditions evolve favorably

• Upside risks to inflation and downside risks to jobs have become more balanced
• If labor market cools too much, it will be appropriate to cut rates sooner rather than later
• It may be appropriate to hold rates steady ‘a little longer’
• Inflation has continued to trend down despite ‘a few bumps’ at the start of this year
• Continued labor market rebalancing suggests inflation will continue to move towards 2% target

How much longer is ‘a little longer’?

This article was written by Adam Button at www.forexlive.com.