News list for "Reserve Jefferson"
Federal Reserve Jefferson: The impact of artificial intelligence on productivity will have a significant impact on monetary policy.
Jefferson, vice-chairperson of the Federal Reserve, reiterated concerns on Friday that the central bank was facing two problems at the same time - the labour market was weakening and inflation remained above target. Jefferson said there was still a high degree of uncertainty about the outlook, but he expected it to ease as White House policies were finalised. "As these policy adjustments are implemented, we will also have more time to...
On April 16, Federal Reserve Vice Chairperson Jefferson said on Tuesday that if inflation did not slow as expected, "it would be appropriate to maintain the current restrictive policy stance for a longer period of time." "My underlying expectations remain that inflation will fall further, policy rates will remain unchanged at current levels, the labor market will remain strong, and labor demand and supply will continue to rebalance." "If the data show that inflation is more persistent than I cur...
