Federal Reserve Vice Chair Jefferson said Thursday: “Any future policy adjustments should be decided through careful review of data trends, an evolving outlook, and a balanced assessment of risks. My colleagues and I believe judgment may take more time.” This statement follows the view of Williamms, the “third in command” on Tuesday, that there is no rush to raise rates. After Jefferson’s remarks, market expectations for a rate hike in October fell further from 35% before his speech to 24%.
The Federal Reserve vice chair Philip Jefferson said that more time may be needed before policymakers can determine whether further rate hikes are necessary to curb inflation.