Federal Reserve Governor Advocates Balanced Approach to Inflation

According to Odaily, Federal Reserve Governor Kugler has emphasized the need for a 'balanced approach' to address inflation issues while avoiding adverse impacts on employment and economic growth. Kugler stated that if the downside risks to employment increase, it might be necessary to cut interest rates more quickly. He also mentioned that if upcoming data does not instill confidence that inflation is moving towards the 2% target, it may be appropriate to slow down the normalization process.