US FOMC Member Kugler Speaks
Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
FOMC voting member Sep 2023 - Jan 2026;
- History
Expected Impact / Date | Description |
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Feb 7, 2025 | Due to speak about entrepreneurship and aggregate productivity at the Miami Economic Forum. Audience questions expected; |
Jan 4, 2025 | Due to participate in a panel discussion titled "Monetary Policy Panel" at the Allied Social Science Associations Annual Meeting, in San Francisco; |
Dec 3, 2024 | Due to speak about the labor market and monetary policy at the Detroit Economic Club. Audience questions expected; |
Nov 14, 2024 | Due to deliver a speech titled "Central Bank Independence and Economic Outlook" at the 2024 Latin American Meeting, in Uruguay. Audience questions expected; |
Oct 15, 2024 | Due to speak at a virtual event about Career Opportunities and Diversity in Economics. Audience questions expected; |
Oct 8, 2024 | Due to speak at the ECB Conference on Monetary Policy, in Frankfurt; |
Sep 26, 2024 | Due to participate in a virtual fireside chat at the Federal Reserve Bank of Boston's Financial Inclusion and Banking Supervision Workshop; |
Sep 25, 2024 | Due to speak about the economic outlook at the Harvard Kennedy School, in Cambridge. Audience questions expected; |
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- US FOMC Member Kugler Speaks News
- From @financialjuice|Feb 7, 2025
post: FED'S KUGLER: IT MAKES SENSE TO HOLD THE POLICY RATE WHERE IT IS. post: KUGLER : INFLATION RATE HAS GONE SIDEWAYS, FIRMED post: FED’S KUGLER: WANTS CONTINUED SLOWING OF INFLATION TO FEEL COMFORTABLE CUTTING RATES post: FED'S KUGLER: NEUTRAL HAS RISEN SOME, NOT AS MUCH AS SOME OTHERS SEE.
- From federalreserve.gov|Feb 7, 2025|1 comment
Thank you, Jon, and thank you for the opportunity to speak to you today. It is such a pleasure to be back in Miami, a city I have seen grow and become ever more dynamic over the decades, as I have come many times to visit my large extended family here ever since the 1980s. As I discussed in my final speech of 2024, two positive supply shocks have significantly benefited the U.S. economy over the past two years and have also affected the conduct of monetary policy. The first of these has been the surge in population over the past few years that has helped bring labor supply into balance with labor demand and, thus, also helped move inflation toward the Federal Open Market Committee's (FOMC) 2 percent goal. The other positive supply shock, which I outlined in my remarks in December, has been a step-up in aggregate productivity growth since 2020, which is an increase in the amount of economic output, across the economy, per hour worked or some other unit of labor. Although productivity growth, measured quarterly, can be quite volatile, over the past five years this acceleration is quite evident. While productivity grew by about 1.5 percent a year from 2005 to 2019, starting in 2020 it has grown about 2 percent a year. This difference may not look dramatic, but because of compounding year-over-year, the consequences of an additional 1/2 percentage point in growth over the past five years are significant for workers and the U.S. economy. When workers are more productive, it effectively means that businesses can produce more without needing to add workers, and that they can pay workers more without need post: FED'S KUGLER: IN CONSIDERING APPROPRIATE POLICY RATES, WE WILL WATCH DEVELOPMENTS, CAREFULLY ASSESS DATA, OUTLOOK AND RISKS. post: FED'S KUGLER: RECENT PROGRESS ON INFLATION IS SLOW AND UNEVEN. INFLATION REMAINS ELEVATED. post: FED'S KUGLER: JANUARY JOBS REPORT SHOWS THE US LABOR MARKET IS HEALTHY, NEITHER WEAKENING NOR OVERHEATING. post: FED'S KUGLER: THE US ECONOMY IS ON A FIRM FOOTING. I ANTICIPATE SOLID GDP GROWTH IN Q1.
- From bnnbloomberg.ca|Jan 5, 2025
Gold held a decline as comments from Federal Reserve officials over the weekend reinforced the view the US central bank will take a more cautious approach to cutting interest rates this year. Bullion traded near $2,640 an ounce after San Francisco Fed President Mary Daly and Fed Governor Adriana Kugler emphasized the need to finish off the fight against inflation and reach the authority’s 2% target. Lower rates tend to benefit gold, as it doesn’t pay interest. The Fed last month reined in the number of rate cuts it expects to make in ...
- From msn.com|Jan 4, 2025
Two Federal Reserve policymakers on Saturday said they feel the U.S. central bank's job on taming inflation is not yet done, but also do not want to risk damaging the labor market in the process. The remarks, from Governor Adriana Kugler and San Francisco Fed President Mary Daly, highlight the delicate balancing act facing the U.S. central bank this year, after lowering short-term rates by a full percentage point last year. Fed policymakers in December signaled they expect to reduce rates more slowly this year to bring inflation, ...
- From federalreserve.gov|Dec 3, 2024
Thank you, Jason, and thank you for the opportunity to speak here in Detroit today.1 This visit has allowed me to see the many encouraging signs in this region: growth here in downtown; the area's famously hard-working labor force; and the gritty Detroit Lions, with 11 wins this season and counting. The nation has taken notice. But, truly, one of my favorite parts of serving as a Governor on the Federal Reserve Board is visiting communities across the country and hearing directly from the families, workers, and businesses we serve. I am also glad to have the chance to speak with you near the end of the year. I think it is an appropriate time to look back and assess how the U.S. economy has developed over the course of 2024. I will also share with you my outlook and offer my views on U.S. monetary policy. I will start by saying that I view the economy as being in a good position after making significant progress in recent years toward our dual-mandate goals of maximum employment and stable prices. The labor market remains solid, and inflation appears to be on a sustainable path to our 2 percent goal, even if there have been some bumps along the way, as I will discuss later. Reaching this point for the economy was far from assured, especially if you reflect on the pandemic disruptions of nearly five years ago. Even the more recent performance of the economy, at least on the surface, has been surprising to many forecasters. Economic growth remained solid, while inflation moderated from its recent peak without the painful job losses that have often accompanied past efforts to counter high inflation. Heading into this year, t post: Fed’s Kugler: Inflation Data Still Consistent With Path To 2% - Economy Is In A Good Position, Labour Mkt Remains Solid - To Take Decisions ‘Meeting-By-Meeting’ - Policy Is ‘Well Positioned’ To Handle Uncertainties https://t.co/TzrRaAj8Dt post: FED'S KUGLER: RATE CUTS SO FAR WERE STEPS IN REMOVING POLICY RESTRAINT AS FED IS IN PROCESS OF MOVING POLICY TOWARD MORE NEUTRAL SETTING.
- From federalreserve.gov|Nov 14, 2024|1 comment
Thank you for your generous introduction, Marcela, and thank you for the opportunity to be here and speak to you today.1 I believe I am the first central banker from the U.S. to address this annual meeting, but I know, and am proud to say, that I am the first who is also Latin American. And, of course, I have been part of the LACEA Executive Committee and I have presented papers at many LACEA conferences over the years, so it is a pleasure to be back here among many colleagues. When the United States suffered very high inflation ...
- From @financialjuice|Oct 8, 2024
post:
FED'S KUGLER: I WILL SUPPORT ADDITIONAL RATE CUTS IF PROGRESS ON INFLATION CONTINUES AS EXPECTED. post: FED'S KUGLER: OUR APPROACH TO ANY POLICY DECISION WILL CONTINUE TO BE DATA DEPENDENT. post: FED'S KUGLER: IF DOWNSIDE RISKS TO EMPLOYMENT ESCALATES, CUTTING RATES MORE QUICKLY MAY BE APPROPRIATE. post: FED'S KUGLER: HURRICANE HELENE AND MIDDLE EAST EVENTS COULD AFFECT THE US ECONOMIC OUTLOOK. post:
FED'S KUGLER: IF INCOMING DATA DO NOT PROVIDE CONFIDENCE INFLATION IS MOVING TOWARD 2%, SLOWING NORMALIZATION MAY BE APPROPRIATE.
- From bostonfed.org|Sep 26, 2024|1 comment
Boston Fed President Susan M. Collins will host a fireside chat with Federal Reserve Governor Adriana D. Kugler focused on the intersection between bank supervision and financial inclusion.
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