Fed Vice Chair: Cautious Approach to Interest Rates

Federal Reserve Vice Chair Philip Jefferson emphasizes a cautious approach to interest rate cuts, citing growing employment risks and lessening high inflation risks. He underscores the importance of proceeding slowly as they near a neutral economic rate, acknowledging uncertainty in upcoming economic data. Jefferson suggests inflation may have temporarily stalled around three percent, likely due to tariffs, but is closely monitoring the situation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.