Economic TimesLean R·
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson said Thursday that while he supported last month’s interest-rate increase, he saw no urgency for the US central bank to act again, according to Reuters.“Any future adjustments in policy should be determined by carefully examining trends in the data, the evolving outlook, and the balance of risks,” Jefferson said in prepared remarks for the University of Virginia’s Darden School of Business.With financial markets “reassessing” the outlook amid rising b…
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