US inflation falls toward target annual interest rate cuts are appropriate = FRB Director Kugler

July 17, 2024 5:45 AM GMT+9 (some excerpts)

Director Coogler of the US Federal Reserve (FRB) mentioned the acceleration of the pace of decline in price pressure in recent months, etc., and stated that recent economic indicators show that the inflation rate continues to decline toward 2%, which the FRB targets.
In a lecture given at the American Association of Business Economists (NABE), Mr. Kugler pointed out that wage growth has slowed, labor demand is returning to pre-pandemic (global pandemic) levels, and that “drastic readjustments” are being seen in the labor market.