 Kugler speaking there at the National Association for Business Economics in Washington. She said a rise in unemployment would prompt her to vote for a cut, quote, sooner rather than later. So that gives you an indication about where she stands. Investors are betting policymakers will cut borrowing costs in September, according to the futures market. They're widely expected to hold interest rates at a two-decade high when they gather this month. The meeting is on July 30th and the 31st.