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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...
Jefferson backed Powell, arguing that current interest rates are moderately restrictive and that the Federal Reserve has the ability to deal with "various events". Click to view...
Philip Jefferson, vice-chairperson of the Federal Reserve, said the central bank's goal of maintaining price stability and achieving full employment would help promote economic mobility in the US. "In a tight labour market, when individuals move up to higher positions, it frees up jobs for newcomers or less educated workers," Mr. Jefferson said in a speech for the Philadelphia Fed on Tuesday.
美联储副主席Philip Jefferson表示，美联储维持物价稳定与实现充分就业的目标有助于促进美国经济流动性。“在劳动力市场吃紧的情况下，当个体晋升到更高职位时，会为新人或受教育程度更低的劳动者腾出岗位，”Jefferson周二在为费城联储主办...
Federal Reserve Vice Chairperson Jefferson will speak on "central bank communications" in ten minutes.
Philip Jefferson, vice-chairperson of the Federal Reserve, said artificial intelligence tools could help transmit monetary policy, but cautioned against the limitations of such technology. Jefferson said research showed that automated analysis of Fed information and automated trading increased the speed at which information was incorporated into asset prices.
Jefferson, vice-chairperson of the Federal Reserve, said monetary policy remained restrictive. The US economy is performing quite strongly; the labour market is solid, inflation has moderated but remains high and the path back to its 2 per cent target could be bumpy; the Fed can wait as it considers its next move; and Fed rate cuts are reducing real borrowing costs.
Federal Reserve Vice Chairperson Jefferson said that even if the interest rate is cut by 100 basis points, the Federal Reserve's interest rate is still at a restrictive level.
