Federal Reserve member Adriana Kugler stated on Thursday that keeping monetary policy unchanged at this time is an appropriate decision, given the decline in unemployment rates and the ongoing rising inflationary pressures due to tariffs.

Kugler confirmed that the inflation rate remains above the Federal Reserve's target of 2%, while the U.S. labor market shows resilience and stability, reinforcing the importance of maintaining a tight monetary stance to curb inflation expectations and ensure their stability.

Additionally, the Federal Reserve member added that inflation estimates according to the Personal Consumption Expenditures (PCE) index for June indicate a rate of 2.5%, compared to the target of 2%, while core inflation is estimated at 2.8%, both higher than the levels in May.

She noted that the Consumer Price Index data in the United States shows widespread inflationary pressures across four main goods sectors, adding that the full impact of tariffs on inflation rates may become evident over the coming quarters, necessitating more caution in guiding the U.S. Federal Reserve's monetary policy.