Jefferson says Fed policy is well positioned for risks
Fed Vice Chair Philip Jefferson says current rates are well positioned to handle inflation risks. He remains data dependent ahead of the June policy meeting.
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Federal Reserve Vice Chair Philip Jefferson said Wednesday morning that interest rates ranged from 3.5% to 3.75%, leaving the United States central bank well positioned. It is Jefferson's first address since Kevin Warsh succeeded Jerome Powell as Fed Chair. Investors are gauging whether the new leadership will pivot to rate cuts despite persistent inflation risks.
