Fed's Jefferson says inflation now guides his policy views
Philip Jefferson, the Federal Reserve vice chair, made the remarks on Friday as the central bank weighs its next moves.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
What happened
Federal Reserve Vice Chair Philip Jefferson said on Friday that, with the economy growing and the labor market stabilized, he is taking his policy cues from inflation.
Why it matters
The comments suggest inflation will be the main factor shaping the Fed's policy stance, while it considers more interest rate increases.
Coverage
- Federal Reserve signals inflation guides policy stance as Jefferson weighs further rate hikes (tradersunion.com)
- Fed's Jefferson says he is taking his policy cues from inflation (Yahoo News)
- Federal Reserve Vice Chair Philip Jefferson speaks to the media at a conference of the National Association for Business Economics in Dallas, Texas, U.S., October 9, 2023. REUTERS/Ann Saphir (Lufkin Daily News)
More from Business
- Fed survey names AI top threat to financial stability
- Cerebras shares surge after quarterly revenue beat and Microsoft deal
- Microsoft outage disrupts Outlook and other apps worldwide
- Anthropic sets IPO price as its Nasdaq debut nears
- Fed unveils fees for bank payment services in 2027
- FBI disrupts North Korean hackers' $400 million crypto theft scheme