Federal Reserve Vice Chair Jefferson: No Hurry to Adjust Interest Rates, Policy Well Positioned

BlockBeats News, April 4th, Federal Reserve Vice Chair Jefferson stated that due to the solid economic conditions in the United States, tariffs have already pushed up commodity inflation, and the outlook is more uncertain than before. He is inclined to keep the policy rate at the current moderately restrictive level unchanged while closely monitoring the next steps in employment and prices. "In my view, there is no need to rush to further adjust the policy rate," Jefferson said.

At a time when the Trump administration is rapidly pushing for trade and other policy changes, he reiterated a mantra that Federal Reserve officials have often repeated, that "the current policy stance effectively addresses the risks and uncertainties we face in pursuing our dual mandate." (IG)