Fed Vice-Chairman Philip Jefferson emphasizes maintaining current interest rates due to inflation concerns.

Fed Vice-Chairman Philip Jefferson expressed concern over inflation, emphasizing the need to maintain current interest rates until there's clear evidence of moderating price pressures. Jefferson noted that the economy has made progress, but inflation remains a significant concern. He stressed the importance of continuing with a restrictive policy rate until there's a clear indication of inflation abating.

May 13, 2024
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