Central Banks
Jefferson Says Fed Can Proceed Carefully, Mindful of Yield Rise
- Fed vice chair says he’s cognizant of impact of higher yields
- Central bank in ‘sensitive period’ managing risks: Jefferson
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Federal Reserve Vice Chair Philip Jefferson said he is watching the increase in Treasury yields as a potential further restraint on the economy even though the rate of inflation remains too high.
Officials are “in a position to proceed carefully in assessing the extent of any additional policy firming that may be necessary,” Jefferson said Monday in a speech at a National Association for Business Economics conference in Dallas.