Economic TimesLean R·
US Stock Market: Fed's Jefferson signals openness to rate hike if inflation stays elevated
Federal Reserve Vice Chair Philip Jefferson indicated potential interest rate hikes if inflation fails to improve. Current policy remains appropriate for now, supporting the labor market and inflation's return to 2%. However, policymakers may reassess if inflation does not cool soon, ensuring price stability. Jefferson highlighted inflation risks over labor market concerns, noting potential impacts from global events.
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