US Economy on Solid Ground, Says Fed's Kugler

At the 2025 Miami Economic Forum, Federal Reserve Governor Adriana Kugler expressed confidence in the United States economy, stating it remains "on a firm footing." She highlighted that the GDP growth for the first quarter of the year is anticipated to be robust, based on current data and estimates.

Challenges Ahead with Inflation and Policy Changes

Despite a 100 basis point reduction in the policy rate through December, Kugler pointed out the slow and uneven progress on inflation, which remains elevated. She also mentioned the uncertainty surrounding the economic impacts of new policy proposals. The Federal Reserve plans to closely monitor these developments before making further decisions.