![Fed's Kugler](https://images.forexlive.com/images/Fed%27s%20Kugler_id_c1fa368a-2b08-4010-9950-11a2de0f2033_size900.jpg)
Fed's Kugler
- How much we cut will be a question we continue to assess as more data comes in
- It's not an answer we can give today
- It depends on whether it is from disinflation or rapid deterioration of the labor market
- Remains concerned about housing. Import and wages are still higher than productivity
- Have to see that continued progress on wage moderation
- We certainly need to be convinced that we are not going to put in danger all the great progress made on inflation