Fed Vice Chair calls for cautious interest rate adjustments amid economic uncertainties.

Federal Reserve Vice Chair Philip Jefferson has called for caution in adjusting interest rates, noting the economy and labor market are robust but facing uncertainties. He predicts a gradual reduction in interest rates over the medium term as inflation eases toward the Fed's 2% goal. Despite a strong start to the year, Jefferson stressed the need for careful evaluation of evolving economic conditions and potential impacts of government policies.

2 months ago
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