Federal Reserve Board Director Kuglar said on Tuesday that the increase in new immigrants and labor productivity has strengthened the US economy, and pointed out that the authorities are still shifting their policy stance from restrictive to neutral.

Kuglar added that the US economy is in good shape, and in recent years has made significant progress in achieving the dual goals of maximizing employment and price stability. However, she did not directly address her views on whether the Fed should continue to cut interest rates at the next meeting on December 17-18.