Fed Vice Chairman Jefferson: policy rates are now somewhat restrictive, no need to rush on policy rate adjustments
Fed Vice Chair Jefferson said it is of critical importance to assess the full impact of Trump's policy changes. Policy rates are now somewhat restrictive; there is no need to rush on policy rate adjustments, and current policy rates are well-prepared to deal with risk, uncertainty. Commodity inflation has risen, in part due to trade policy; falling prices for housing services may help offset inflation.
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