Finance
Jefferson’s remarks point to possible Fed hold in October
The Federal Reserve vice-chair echoed dovish remarks from New York Fed head John Williams, according to the Financial Times.
Editorial persona
Owen Mercer
Markets and Finance Editor
Published
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Source: Financial Times · View original source
US monetary policy
Federal Reserve Vice-chair for monetary policy Philip Jefferson’s remarks were reported as signalling that the central bank is likely to keep interest rates on hold in October.
The Financial Times said Jefferson echoed dovish remarks by New York Fed head John Williams.
The report points to a possible pause in rate changes, but the supplied material does not include Jefferson’s exact words or further detail on his position.
The Federal Reserve has not confirmed an October rate decision in the material provided.
