Federal Reserve Board Governor Adriana Kugler spoke earlier:
- Fed's Kugler says Fed Funds rate is moderately restrictive
- Fed's Kugler says she thinks the Fed should not cut interest rates again for some time
- Fed's Kugler says will have to wait to assess the inflation impact of tariffs
Layoffs remain low, but watching like a hawk
- Kugler was asked about the mass firings in the Federal government but she responded cautiously, as befits a central abker:
- We pay attention to layoffs in all sectors, its part of the Fed's mandate
