Fed Vice Chair: Slow Interest Rate Cuts

Federal Reserve Vice Chair Philip Jefferson advocates for a cautious approach to interest rate cuts, aiming for a neutral policy that neither restricts nor stimulates the economy. He supports the recent quarter-percentage-point cut, considering job market risks and inflation decline. However, the absence of complete government data complicates economic analysis, with the Bureau of Labor Statistics set to release its monthly employment report this Thursday, while other data publication schedules remain uncertain.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.