Federal Reserve Vice Chair Jefferson said a rate hike should be considered if inflation does not cool quickly, while adding that current monetary policy remains in a good place. In prepared remarks for an event at Stanford in California, Jefferson said the Fed’s current interest-rate setting may support the labor market while also helping bring inflation down. He added that if realized inflation does not begin to cool in the near term, policymakers may need to reconsider the current policy stance. Jefferson also said the existing stance leaves the Federal Reserve well positioned to respond to economic developments. The remarks point to a conditional willingness to revisit policy if inflation fails to ease soon, even as he described the current setting as appropriate for now.
Federal Reserve Vice Chair Jefferson said a rate hike should be considered if inflation does not cool quickly, though he added that current monetary policy is in a good place.
In prepared remarks for an event at Stanford in California, Jefferson said the Fed’s current interest-rate setting may support the labor market while also helping bring inflation down.
He added that if realized inflation does not begin to cool in the near term, officials may need to reconsider the current policy stance. Jefferson said the existing stance leaves the Federal Reserve well positioned to respond to economic developments.
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