Fed Vice Chairman Jefferson: If inflation fails to slow down as expected, restrictive policies will be maintained

According to Jin10 reports, Federal Reserve Vice Chairman Jefferson said on Tuesday that if inflation fails to slow down as expected, the current restrictive policy stance will be maintained for a longer period of time. He expects inflation to fall further, policy rates to remain unchanged at current levels, the labor market to remain strong, and labor demand and supply to continue to rebalance. He pointed out that inflation data in the past three months are higher than the lows in the second half of last year, while employment growth and retail spending are still stronger than expected, and the work of restoring 2% inflation has not yet been completed.