Jefferson Says Fed May Need More Time to Decide on Next Move

Federal Reserve Vice Chairman Philip Jefferson stated that policymakers may need more time to determine if further interest-rate increases are necessary to slow inflation. Speaking at the University of Virginia, Jefferson emphasized that the central bank will wait to evaluate incoming economic data. He believes any future policy adjustments must be decided by carefully examining data trends, the evolving economic outlook, and the overall balance of risks before the Federal Reserve decides to hike rates again.