Federal Reserve Governor Jefferson said our goal is to drop inflation without causing excessive or disorderly pump in the unemployment rate. The performance of the labor market at present provides us with the space to maintain policy tightening for a relatively long period of time.
Jefferson also mentioned that the rate cut in September was timely, neither forward-looking nor reactive.
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Federal Reserve Governor Jefferson said our goal is to drop inflation without causing excessive or disorderly pump in the unemployment rate. The performance of the labor market at present provides us with the space to maintain policy tightening for a relatively long period of time.
Jefferson also mentioned that the rate cut in September was timely, neither forward-looking nor reactive.