United States Federal Reserve Vice Chair Philip Jefferson on Thursday ensured that the current monetary policy is "well-positioned to deal with the risks" coming from the new administration's trade policy. Speaking at a conference in Atlanta, Jefferson said that "there is no need to be in a hurry to make...
United States Federal Reserve Vice Chair Philip Jefferson (pictured) said that he supports keeping interest rates at their current level.
He stressed the importance of evaluating the impact of President Donald Trump's policies before making any changes. Jefferson explained that he thinks the central...
United States Federal Reserve Vice Chair Philip Jefferson on Monday described the latest inflation reading as "encouraging" but underlined that it is premature to conclude whether "the recent slowdown in the disinflationary process" will be "long-lasting.""I am acutely aware that high inflation...
United States Federal Reserve Vice Chair Philip Jefferson emphasized on Monday the importance of effective communication in monetary policy, detailing the various channels the Fed uses to inform the public, including regular FOMC statements, minutes, and press conferences."To fulfill our dual...
United States Federal Reserve Vice Chair Philip Jefferson cautioned on Tuesday that in case incoming data indicated a sustained inflation rate above the 2% target it could be "appropriate" to hold elevated rates for longer than anticipated to achieve the objective.The Federal Reserve official pointed out...
United States Federal Reserve Vice Chair Philip Jefferson stated on Thursday that if the economy moves in the right direction, "it will likely be appropriate to begin dialing back our policy restraint later this year."
Reflecting on monetary policy in his last speech at the Peterson Institute for...
United States Federal Reserve Board of Governors member Philip Jefferson stated on Tuesday that uncertainty "has remained elevated" since the end of the pandemic.
During a speech at the Bank for International Settlements Switzerland, the banker addressed the causes and consequences of...
United States Federal Reserve Vice Chair Philip Jefferson remarked on Monday he cannot confirm if cutting interest rates will be needed in 2024 as it is yet unknown how the situation with the gross domestic product (GDP) and unemployment will develop.
Speaking at the National Association for...
The United States Senate confirmed on Wednesday President Joe Biden's nominee Dr. Philip Jefferson as Federal Reserve Vice Chair.
Jefferson received an overwhelming majority from both parties sitting in the upper congressional chamber, with 88 Senators voting in favor of the confirmation. Only 10...
United States Federal Reserve Board of Governors Philip Jefferson said on Wednesday that it is crucial to maintain the level of confidence in the nation's banking sector by establishing the right regulatory framework based on the complexity of the financial institutions in order to keep them "diverse."...
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