Fed’s Kugler Says She’s Cautious About Recent Inflation ‘Bump’

Federal Reserve Governor Adriana Kugler said the US economy is ending the year in a good place, but noted she’d like to confirm inflation is once again on a downward path.

“We saw that in the first quarter of 2024 there was that bump and now we’re seeing a bump again,” Kugler, referring to inflation, said Friday in an interview on CNBC. “We want to make sure that that is indeed just a bump and not something more permanent.”