Fed's Jefferson: Monetary policy is well positioned to respond, not prejudge June meeting
Federal Reserve (Fed) Vice Chair Philip Jefferson said on Thursday that monetary policy is well positioned to respond to developments but has not prejudged June's policy meeting.
Key quotes
Firmly committed to restoring inflation to 2%.
U.S. remains vulnerable to oil-linked energy shocks.
Has not decided outcome of June FOMC meeting.
Recent US economic activity remains robust.
Inflation outlook risks lean toward upside.
Monetary policy well positioned to react to economy.
Labor market steady with risks skewed to downside. Energy shock a downside risk to growth, a potential inflation driver.
Inflation seen easing later this year as tariff, energy impacts fade.
Market reaction
At the time of writing, the US Dollar Index (DXY) is trading around 99.30, up 0.06% on the day.
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