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BUZZ-Fed Jefferson - No need to hurry further rate cuts

ReutersFeb 5, 2025 2:08 AM

  • FOMC ViceChair Jefferson like other Fed off'ls in no hurry to cut again soon

  • He does seen rates likely to fall over the medium term but not right away

  • Disinflation will continue though progress may be slow

  • Like FOMC Chair Powell, notes plenty of uncertainty over government policy

  • Growth and labour market conditions also seen likely to remain solid

  • Seems Fed on hold on policy indefinitely, SF Fed Daly agreed overnight

  • See nL1N3OV1EZ, on Daly-speak nS0N3NZ08O, for more click on FXBUZ

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