Federal Reserve governor Adriana Kugler said Tuesday that she "strongly supported" the decision to cut rates by half a percentage point in September and that she favors more cuts if inflation continues to drop.

Federal Reserve Governor Adriana Kugler said the US central bank should keep its focus on bringing inflation back to its 2% target, though with a “balanced approach” that avoids an “undesirable” slowdown in employment growth and economic expansion.

Federal Reserve Gov. Adriana Kugler said Tuesday she supported further interest-rate cuts, with the speed dependent on the outlook for employment and inflation. Speaking at a European Central Bank event in Frankfurt, Germany, Kugler said she strongly supported the half-point rate cut in September.