# Fed's Kugler, citing inflation risks, supports steady policy rate

> Fed Governor Kugler backed holding the policy rate steady at 4.25%-4.50% because of inflation risks. Policymakers are signaling they will wait for more clarity on tariff impacts before the next meeting.

- Date: 2025-04-22 · published 2025-04-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/25042-fed-s-kugler-citing-inflation-risks-supports-steady-policy-rate
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of no near-term rate cuts support the dollar and keep borrowing costs high for farm and feedlot operators. The direct effect on feed commodity prices is small.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-09-07 | [ECB cites inflation-dampening euro rate as policy factor](https://feedsoft.ai/events/69161-ecb-cites-inflation-dampening-euro-rate-as-policy-factor.md) | +0.2% | +1.6% |
| DXY | 2021-10-22 | [Powell says inflation risks rising, but Fed can be 'patient' \| AP News](https://feedsoft.ai/events/44436-powell-says-inflation-risks-rising-but-fed-can-be-patient-ap-news.md) | -0.2% | +1.4% |
| DXY | 2024-01-30 | [AUD range bound ahead of key inflation data and Fed policy update - OFX (NZ)](https://feedsoft.ai/events/32399-aud-range-bound-ahead-of-key-inflation-data-and-fed-policy-update-ofx-nz.md) | +0.4% | +0.1% |
| DXY | 2017-10-12 | [Fed Split On Inflation Intensified At September Policy Meeting - ActionForex](https://feedsoft.ai/events/68396-fed-split-on-inflation-intensified-at-september-policy-meeting-actionforex.md) | +0.4% | +1.3% |
| DXY | 2024-07-31 | [EUR/USD rises to 1.0830 as Eurozone Inflation accelerates, Fed policy eyed — Octa](https://feedsoft.ai/events/29486-eur-usd-rises-to-1-0830-as-eurozone-inflation-accelerates-fed-policy-eyed-octa.md) | -0.5% | -1.9% |

## Sources

- reuters.com: https://www.reuters.com/business/feds-kugler-citing-inflation-risks-supports-steady-policy-rate-2025-04-22/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.