Fed’s Jefferson: Restrictive rates necessary amid slow disinflation progress

Fed Vice Chair Philip Jefferson indicated that with the economy showing robust job growth, Fed can focus “even more so” on ensuring that inflation returns to its 2% target. Jefferson acknowledged the slow progress in reducing inflation, asserting that it justifies keeping the policy rate elevated. “In light of the attenuation in progress, in terms […]

The post Fed’s Jefferson: Restrictive rates necessary amid slow disinflation progress appeared first on Action Forex.