The US economy experienced a slowdown in the last quarter of 2024, with GDP growth at 2.3%, down from the previous quarter's 3.1%. Despite this, the economy had a robust year of expansion, with GDP growing by X% overall. President Trump, who pledged to lead an economic revival, faces challenges in bringing down prices and boosting manufacturing, with his tariff plans drawing criticism from US firms and economists. The Federal Reserve, while keeping interest rates steady, noted that the economy continued to expand at a solid pace, with stable unemployment levels and somewhat elevated inflation. Fed Chairman Jerome Powell emphasized the need to monitor the impact of new policies on the economy.
Source: https://www.theguardian.com/business/2025/jan/30/us-economy-gdp-trump