Federal Reserve Board Member Kugler: "Maintaining interest rates unchanged for a period of time is the appropriate move."

Federal Reserve Governor Adriana Kugler said that considering the upward pressure on prices caused by tariffs, the Fed should maintain the current interest rate level unchanged for "a period of time." Kugler said at an event in Washington on Thursday, "We are stable in achieving our employment goals, the unemployment rate is at historic lows, short-term inflation expectations remain high, tariffs are driving up prices of goods, and I believe maintaining the interest rate unchanged for a period of time is the right move." She added, "The currently still restrictive policy stance is important for stabilizing long-term inflation expectations." Kugler's latest statement is consistent with the position of other policymakers this week, showing that they are not yet ready to start cutting rates.