Fed’s Jefferson says he expects rate cuts ‘later this year’
WEBFeb 22, 2024 · Fed Vice Chair Philip Jefferson has been on the central bank’s board since 2022. (Photo by Drew Angerer/Getty Images) The No. 2 official at the Federal Reserve said Thursday that he thinks the...
Harker said Fed rate cuts are 'near' while Jefferson predicts 'later ...
WEBFeb 23, 2024 · Philadelphia Fed President Patrick Harker said Thursday that the Fed may be "near" a time where it can begin lowering rates, while Fed vice chair Philip Jefferson predicted that wouldn't happen...
Federal Reserve officials caution against cutting US interest rates …
WEBFeb 22, 2024 · “But I would caution anyone from looking for it right now and right away.” And Fed Vice Chair Philip Jefferson warned against cutting rates too deeply in response to the positive economic news. As vice chair, Jefferson works closely with Chair Jerome Powell in guiding the Fed’s policy.
Fed could keep monetary policy tight for longer if needed, Jefferson ...
WEBApr 16, 2024 · Federal Reserve Vice Chair Philip Jefferson, in remarks devoid of any mention of interest rate cuts, said on Tuesday "it will be appropriate to hold in place the current restrictive stance...
A top Federal Reserve official opens door to keeping rates high …
WEBApr 16, 2024 · WASHINGTON (AP) — Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation. In a speech, Jefferson said he expects inflation to continue to slow this year.
Fed's Jefferson sees progress on inflation, says rate cuts linked to ...
WEBFeb 22, 2024 · Federal Reserve Vice Chair Philip Jefferson said on Thursday he will be looking across a broad set of economic indicators to convince him it is time to cut interest rates, but gave no...
Speech by Governor Jefferson on financial stability and the U.S ...
WEBMay 31, 2023 · While my base case forecast for the U.S. economy is not a recession, higher interest rates and lower earnings could test the ability of businesses to service debt.
U.S. Fed policymakers stance on interest rate hikes
WEBFeb 23, 2022 · As of June 2024, seven policymakers were at the median forecast for one rate cut this year; eight policymakers thought two rate cuts this year would be appropriate; and four thought none...
Fed Vice Chair Jefferson Sees Cuts Likely Appropriate ‘Later This …
WEBFeb 22, 2024 · Federal Reserve Vice Chair Philip Jefferson warned of easing too much in response to improved inflation, saying, “excessive easing can lead to a stalling or reversal in progress in restoring...
Rate Cuts and Soft Landing Are Coming, Fed Vice Chair Jefferson …
WEBA soft landing for the U.S. economy is likely, and the next move in interest rates will be down, according to Philip Jefferson, vice chair of the Federal Reserve’s Board of Governors.