Fed Vice Chair Jefferson Says Rate Decisions May Need More Time

Federal Reserve Vice Chair Jefferson said officials may need more time before making another policy change, as they assess inflation trends, the economic outlook and the balance of risks.

Jefferson said future adjustments should follow a careful review of those factors. Yields across maturities have risen since the Federal Reserve’s September meeting, reflecting investors’ reassessment of the changing macroeconomic picture.

He said he will continue evaluating whether underlying trends show inflation returning to the Fed’s target quickly enough. More data, he said, could help policymakers assess those trends and determine an appropriate monetary policy stance.