Fed's Kugler
- 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'?
