Kugler Sees Rise in Layoff Notices as Inflation Concerns Persist

Federal Reserve Governor Kugler recently pointed out a growing trend of layoff notices across various sectors since the beginning of the year, according to Odaily reports. This observation was further reinforced by the Federal Reserve’s Beige Book, which also documented an uptick in mentions of layoffs. Kugler emphasized that if inflationary risks remain a concern, he is committed to supporting continued policy interest rate hikes to combat those risks.