Adriana Kogler, a member of the US Federal Reserve Council, is talking about the economy in Washington, DC, the United States, on Wednesday, February 7, 2024.
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The Federal Reserve Governor Adriana Kogler, the Federal Reserve Governor, Adriana Kogler, warned, indicating that prices may rise again, indicating that the US Central Bank must keep interest rates fixed at the time.
“I am very concerned about some stability in the inflation that we see,” Silvia Amaro of CNBC said during a conversation at a monetary policy transition and the labor market on Friday.
She pointed out recently to inflation expectations, which she said is closely monitoring their impact on how companies define prices and how workers negotiate wages. This in turn means that they can feed on inflation.
Several modern data points indicated that consumers' fears increase the price increase, with the latest Consumer confidence index From the Conference Council Show The inflation forecast jumped for 12 months to 6 % in February, up from 5.2 % in the previous month.
“I was one of those who strongly supported any policy that keeps inflation expectations well. I think this is very important, and we have served well,” said Cogler.
In the future, Kugler indicated in the federal reserve that prices may rise again.
“I think you know that there is a reason for belief, most likely, that there may be an increase in prices and more stable enlargement,” she said, adding that the higher prices may come from “some policies that may be considered and some have already been placed in place.”
Kogler noted that these policies can also affect economic activity.
“We may need to take into account some of this stability, which I mentioned, due to different categories of prices, due to inflation expectations, and perhaps because some of the new policies that await us,” said Cogler.
The changing developments often surrounding the US administration's decision to impose a tariff on the goods imported from the main commercial partners, including negotiations and possible revenge moves, Kugler at the Federal Reserve said it is still “great uncertainty.”
Analysts and economists have indicated widely that they expect a possible tariff, and any mutual measures to photograph higher prices for countries on both sides of the measures.
In preparation comments Kugler gave the conference, and also warned of the risk of inflation in expectations for interest rates from the Federal Reserve.
She said in the title: “Given the recent increase in inflation expectations and the main inflation categories that did not show progress towards our 2 percent goal, it may be appropriate to continue to keep the policy price at its current level for some time.”
The Federal Reserve reduced interest rates three times since September, to get a full percentage, before continuing January. The bank's borrowing rate is currently in the current night in the range of 4.25 % -4.5 %.
according to Fedwatch for the CME groupThe other traders were at a chance of 97 % of the central bank, leaving prices unchanged when the next meeting later this month. Then it seems that the image is less clear, as about 63 % of prices may be likely to be likely at the Federal Reserve meeting in May, before moving towards lowering prices in June.
