Fed’s Kugler, Daly say job not completed on taming inflation

(Reuters) – Federal Reserve Governor Adriana Kugler on Saturday mentioned the U.S. economic system ended 2024 in an excellent place, with inflation down from its peak and the labor market close to full employment, however the U.S. central financial institution’s job on taming inflation is just not but completed. 

Talking on the identical panel, San Francisco Fed President Mary Daly mentioned she too feels inflation is “uncomfortably” above the Fed’s 2% objective. Nonetheless each she and Kugler mentioned they need to keep away from additional slowing within the labor market.