Philip Jefferson (Senate and Urban Affairs Committee held a speech at the Senate Bank, Housing and Urban Affairs of the United States on February 3, 2022 in the United States. , Go to the Federal Reserve Committee.
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Iston, Pennsylvania -Pennsylvania- Fed Vice Chairman Philip Jefferson said on Tuesday that the central bank should carefully adjust interest rates in an uncertain policy environment.
In a broad sense, the Governor of the Federal Reserve said that he believes that the economy is strong and inflation eases the “Kan Y” road to the central bank’s 2 % goal, and the labor market is in a “solid position.”
However, Jefferson responded to the latest statement of other officials, that is, slowly acting slowly when evaluating the conditions for assessing the development of the Federal Reserve.
He said in his speech at Lafayette College: “As long as the economic market and the labor market remain strong, I think the (Federal Open Market) Commission should be cautious when further adjustment.”
Jefferson added: “In the middle period, I continue to see that as we move towards the neutral position towards the most likely result, the level of monetary policy restrictions gradually decreases.” “In other words, I don’t think we need to rush to change the change of change. position.”
These comments are less than a week when FOMC vote Maintain stable policy rate Jefferson agreed between 4.25 % and 4.5 %. At the first three meetings, the committee reduced the federal fund interest rate by 1 percentage point after hiking the inflation rate at hiking the inflation rate.
Fed officials did not comment directly on Washington’s policy conflict, but expressed fear of trying to prevent incidents.
The main content between the current uncertainty level is the impact of tariff negotiations between the United States and its major trading partners. president Donald Trump Has been suspended for product responsibilities Canada and MexicoBut fighting a nervous battle with China.
“Any economic prediction always has great uncertainty. At present, we face more uncertainty on the exact form of government policies and its economic impact.”
In the past year, the Fed’s favorite inflation sheet- Personal consumption expenditure price index -Lone. The interest rate in December increased by 2.6 % year -on -year, far exceeding the 2 % target of the Central Bank.
Jefferson said he expects inflation to continue to decline, but hedge his prospects.
He said: “In the current environment, I have a high uncertainty about my prediction.”
The decision maker adds that he “can imagine a series of future policies.” If the inflation rate rises, we can maintain longer policy restrictions “, or if the labor market weakens, the Fed can reduce more to alleviate more Condition.
