- Hiring remains above the break-even level
- Watching very closely for any sudden jobs market changes
- Kugler does not expect government job cuts to show up suddenly
- Says she is paying a lot of attention to inflation expectations
- Critical to keep inflation expectations well anchored
- There is a high level of uncertainty of tariffs
- Uncertainty is difficult for all parts of the economy
There is a bit of a debate at the Fed around inflation expectations with some watching surveys and others watching market-based measures.
