The Fed’s Kugler, Daly says the job is not done in reducing inflation via Reuters

(Reuters) – Federal Reserve Governor Adriana Kugler said on Saturday that the U.S. economy ended 2024 on a positive note, with inflation rising and the labor market close to full employment, but the U.S. central bank’s job to reduce inflation is far from over.

Speaking on the same panel, San Francisco Fed President Mary Daly said she also felt inflation was “uncomfortably” above the Fed’s 2% target. Still, both he and Kugler say they want to avoid further slowdowns in the labor market.