Fed's Kugler says monitoring markets amid big policy shifts

Federal Reserve Governor Adriana Kugler said on Thursday she’s closely watching markets amid substantial shifts in trade policy and possible diminished investor desire to hold U.S. dollar assets. “I have been paying attention to the possible interaction between the financial vulnerabilities of firms and their exposure to trade,” Kugler said. “As global economic tensions rise and supply chains evolve, understanding how a company’s financial health intersects with its international trade exposure becomes increasingly crucial” amid what the Fed official called “an uncertain global economic landscape.”