(Reuters) – The U.S. economy ended 2024 in good shape, with inflation below its peak and the labor market near full employment, but the U.S. central bank's task of taming inflation is not yet complete, Federal Reserve Governor Adriana Kugler said on Saturday.
Speaking on the same panel, San Francisco Fed President Mary Daly said she also feels inflation is “uncomfortably” higher than the Fed’s 2% target. However, she and Kugler said they want to avoid further slowdown in the job market.
