Federal Reserve Governor Adriana Kugler said on April 22 that she supports holding interest rates steady due to ongoing inflation risks and new tariffs, in the latest indication that the central bank is not preparing to cut rates anytime soon.
“I will support maintaining the current policy rate for as long as these upside risks to inflation continue, while economic activity and employment remain stable,” Kugler said in a speech on Monday at the University of Minnesota. “I remain committed to achieving both of our dual-mandate goals of maximum employment and stable prices.”
The remarks come two weeks ahead of the Fed’s next policy meeting, when officials are expected to keep the federal funds rate in its current range of 4.25 to 4.50 percent….