He Vice Chairman of the Federal Reserve, Philip Jeffersondeclared on Monday that advocates maintaining current interest rates until there is a clear moderation in price pressures.
Featured Statements
The economy has advanced a lot, inflation has receded.
The labor market has proven very resilient.
I believe the economy is in a solid position.
The decline in inflation has eased.
Inflation is a cause for concern.
We are focused on inflation given the overall strength.
It is appropriate that we keep the official interest rate in restrictive territory.
Is important to look for more evidence that inflation is subsiding.
It is advisable to maintain the official interest rate at a restrictive level until a clear decrease in inflation is observed.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
