Federal Reserve Governor Adriana Kugler said it’s appropriate to keep the Fed’s benchmark interest rate where it is for some time, given a stable labor market, limited progress on inflation in recent months and uncertainty over the outlook for fiscal and trade policy.

The January jobs report revealed a drop in the unemployment rate to 4%, accompanied by payroll gains of 143,000. A Fed interest rate cut in March is now very unlikely.

Minneapolis Federal Reserve President Neel Kashkari said Friday he expects to see interest rates lower this year if the economic data continues to move in the same direction.

El presidente del Banco de la Reserva Federal de Mineápolis, Neel Kashkari, dijo que el mercado laboral estadounidense se había enfriado, pero seguía siendo sólido, y que es probable que las tasas de interés bajen “modestamente” en 2025.

Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said fresh data published Friday shows the labor market is strong, and if inflation continues to cool, the U.S. central bank's policy rate will be "modestly" lower by the end of the year than now.