Federal Reserve Governor Adriana Kugler shared on Friday that the United States economy remains "on a firm footing."
Speaking at the 2025 Miami Economic Forum, Kugler mentioned that given all the available data and estimates, she believes the gross domestic product (GDP) growth in the country in the first quarter of this year will be "solid."
"We reduced our policy rate 100 basis points through December, but the recent progress on inflation has been slow and uneven, and inflation remains elevated. There is also considerable uncertainty about the economic effects of proposals of new policies," the Fed official said, adding that, going forward, the central bank will pay close attention to these developments before making any decisions.
