Federal Reserve Governor Kugler: If inflation progresses as expected, it will support further interest rate cuts in the future

Federal Reserve Governor Kugler stated that if inflation progresses as expected, he will support further interest rate cuts in the future; it is estimated that the PCE inflation rate in August was about 2.2%, and the core PCE was 2.7%; The Federal Reserve should continue to focus on reducing inflation, while also shifting its attention to the maximum employment goal.