Fed Vice Chair Philip Jefferson signals interest rate pause amid stabilizing labor market

Jefferson signaled a pause in rate cuts today as the labor market stabilizes. He remains optimistic about 2026 while monitoring inflation and AI investment.

Federal Reserve Vice Chair Philip Jefferson philip jefferson expressed cautious optimism regarding the 2026 economic outlook during an event at the Brookings Institution today. Speaking on February 6, 2026, Jefferson philip jefferson noted that he expects economic growth in the US USUS to remain slightly above trend, while the U.S. USUS labor market continues to stabilize. These remarks follow the Federal Reserve's decision last week to maintain the current policy rate, signaling a period of assessment for the central bank.
Federal Reserve Vice Chair Philip Jefferson attends the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, U.S., August 22, 2024. REUTERS/Ann Saphir/File Photo
Federal Reserve Vice Chair Philip Jefferson attends the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, U.S., August 22, 2024. REUTERS/Ann Saphir/File Photo
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