Federal Reserve Director (Fed, the US Central Bank), Adriana Kugler, said on Tuesday, who considers the current policy of the restrictive United States and judges her well positioned, with some signs of economic data showing softness.
In a speech in the legislative summit of the US Hispanic Chamber of Commerce, the Fed Director warned that progress to bring inflation to the goal since mid -year and research reveals that consumers expect new price increases with political uncertainty. “We are aware of the acceleration of price increases and higher inflation expectations,” she said.
About the US consumer spending rate (PCE), which is the Fed’s favorite inflation measure, Kugler stated that estimates that the 12 -month variation was 2 5% last month.
For her, the job market seemed to be stable until February, reiterating that the Fed can react to new events maintaining the current rate for some time, while closely monitors the data that arrive and the cumulative effects of new policies. “I am still committed to bringing inflation back to our goal of 2% and, at the same time, maintaining a solid job market. As always, I will carefully evaluate the data that is coming, the evolution of perspectives and the balance of risks in considering the appropriate monetary policy rate.”
