Federal Reserve Governor: Will support cutting interest rates as soon as possible if the unemployment rate rises due to layoffs

Federal Reserve Governor Kuggel said that if the unemployment rate rises due to layoffs, she will support cutting interest rates as soon as possible. She also emphasized the need to rely on data, especially when inflation and employment risks become more balanced. Kuggel believes that if the economic conditions continue to be favorable, inflation cools rapidly and the job situation slows down but remains resilient, it would be appropriate to start easing monetary policy later this year. She pointed out that the "significant rebalancing" in the labor market indicates that inflation will continue to decline towards the target. In addition, she mentioned that Federal Reserve officials are "extremely closely" monitoring data to guard against the risk of economic weakness