Reported 1 day ago
Federal Reserve Vice Chairman Philip Jefferson stated that the central bank can afford to take its time regarding the next interest rate decision, attributing this to a strong economy and persistent inflation above the target rate. During a speech at Vassar College, he highlighted the solid job market and the need for careful assessment of incoming data before making further adjustments to the policy rate, which is currently set between 4.25% and 4.5%. Jefferson also addressed the status of household finances, indicating that while many are in good shape, some households may struggle with unexpected costs.
Source: YAHOO