Fed Vice Chair JEFFERSON said inf has been too high for too long and risks
remain, but policymakers may need more time to judge whether further rate hikes
are necessary. Any policy move will be weighed against data trends, shifts in
the economic outlook and the balance of risks. He noted U.S. activity and the
The labor market remains resilient, while rising energy prices, an AI investment boom
and tariffs are creating cross-currents that should not be viewed in isolation.
Treasury yields across maturities have risen since the September meeting,
signaling investors are re‑pricing the macro outlook; the Fed will assess
incoming data to determine whether inf is falling toward target quickly enough
and what policy stance is appropriate.
