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MNI: Fed Gov Jefferson Expects Rates To Hold Steady

FED
  • (MNI) WASHINGTON - Federal Reserve Governor Philip Jefferson said Tuesday interest rates will likely hold steady as there has been considerable progress in lowering inflation but the job of sustainably restoring 2% inflation is not yet done. His prepared remarks made no mention of lowering the policy rate.
  • "My baseline outlook continues to be that inflation will decline further, with the policy rate held steady at its current level, and that the labor market will remain strong, with labor demand and supply continuing to rebalance," he said in prepared remarks.

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