US Economy on Solid Ground, Says Fed's Kugler

During her speech 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 anticipates a solid GDP growth for the first quarter of the year, based on current data and estimates.

Kugler highlighted the Fed's decision to reduce the policy rate by 100 basis points through December. However, she noted the slow and uneven progress on inflation, which remains elevated. The Fed official also mentioned the considerable uncertainty surrounding the economic effects of proposed new policies. Moving forward, the central bank plans to closely monitor these developments before making any further decisions.