Federal Reserve Governor Coogler: If inflation progresses as expected, it will support further interest rate cuts in the future

Federal Reserve Governor Coogler said that if inflation progresses as expected, it will support further interest rate cuts in the future; PCE inflation is estimated to be around 2.2% in August, and the core PCE is 2.7%; the Federal Reserve should continue to focus on reducing inflation, but it should also turn its attention to the maximum employment target.