Fed's Kugler: No rate cut for some time as tariffs pass through to prices

WASHINGTON (Reuters) -The U.S. Federal Reserve should not cut interest rates "for some time" as the impact of Trump administration tariffs begin passing through to consumer prices, with tight monetary policy needed to keep inflationary psychology in check, Federal Reserve governor Adriana Kugler said on Thursday. With unemployment stable and low, and inflation pressures building,  "I find it appropriate to hold our policy rate at the current level for some time," Kugler said in remarks prepared for delivery at a housing forum in Washington D.C. "This still-restrictive policy stance is important to keep longer-run inflation expectations anchored."