Two Federal Reserve officials on Saturday emphasized the US central bank must finish off its fight against the post-pandemic price surge and reach its 2% inflation target.

Two Federal Reserve policymakers on Saturday said they feel the U.S. central bank's job of taming inflation is not yet done, but also signaled they do not want to risk damaging the labor market as they try to finish that job.

While price pressures have eased substantially since 2022, progress toward the Fed’s 2 percent target has been choppy in recent months. The Fed’s preferred inflation gauge was up 2.4 percent in November from a year ago, in line with where the measure stood in June.

Fed Governor Adriana Kugler and San Francisco Fed President Mary Daly cited anomalies that have complicated the central bank’s fight to cool price growth since the Covid pandemic.

Federal Reserve Governor Adriana Kugler on Saturday said the U.S. economy ended 2024 in a good place, with inflation down from its peak and the labor market near full employment, but the U.S. central bank's job on taming inflation is not yet done.