Jefferson, vice-chairperson of the Federal Reserve, said the underlying trend was that inflation was falling towards the 2 per cent target; the cooling of the US job market was "orderly"; and the risks to the Fed's two missions were roughly balanced.
Federal Reserve Governor Jefferson: Keeping policy rates in a tight range is appropriate.
On April 16, Federal Reserve Vice Chairperson Jefferson said on Tuesday that if inflation did not slow as expected, "it would be appropriate to maintain the current restrictive policy stance for a longer period of time." "My underlying expectations remain that inflation will fall further, policy rates will remain unchanged at current levels, the labor market will remain strong, and labor demand and supply will continue to rebalance." "If the data show that inflation is more persistent than I cur...