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International Business Times
International Business Times
Business
AFP News

US Fed Officials Urge Patience On Interest Rate Cuts

US Fed Governor Adriana Kugler said she would continue to watch the economic data 'closely' (Credit: AFP)

Two US Federal Reserve officials indicated Wednesday that the nation's central bank is on track to tackle inflation, but that it is still too soon to begin lowering interest rates.

Fed policymakers have said in recent months that they are making good progress in bringing inflation down towards its long-run target of two percent, and signaled in December that they expect to cut interest rates three times this year.

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