According to online reports, Federal Reserve Governor Kugler said that the U.S. GDP growth rate is expected to be stable in the first quarter of 2025, and there is considerable uncertainty about the economic impact of the new policy proposals; the January employment report showed that the U.S. labor market is healthy and neither weak nor overheated. When considering appropriate policy interest rates, we will pay close attention to economic development and carefully evaluate data, prospects and risks; recent inflation has progressed slowly and unevenly, and inflation levels remain high.