Odaily Planet Daily News, Federal Reserve Director Jefferson stated that there is no need to rush to further cut interest rates, and the strong economy makes cautious response appropriate. It is expected that the decline in inflation will continue, but this process may be relatively slow. Interest rates may decrease in the medium term. The Federal Reserve faces uncertainty in government policy, and it is expected that the economic growth and labor market conditions will remain robust. (Jinshi)
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Fed's Jefferson: No need to rush for further interest rate cuts, strong economy makes cautious response appropriate
Odaily Planet Daily News, Federal Reserve Director Jefferson stated that there is no need to rush to further cut interest rates, and the strong economy makes cautious response appropriate. It is expected that the decline in inflation will continue, but this process may be relatively slow. Interest rates may decrease in the medium term. The Federal Reserve faces uncertainty in government policy, and it is expected that the economic growth and labor market conditions will remain robust. (Jinshi)