Fed’s Jefferson Says Risks to Inflation, Employment Now Balanced
- Fed vice chair says he’s taking decisions meeting-by-meeting
- Says inflation should continue to decline toward 2% target
Philip Jefferson
Photographer: Al Drago/BloombergThis article is for subscribers only.
Federal Reserve Vice Chair Philip Jefferson said risks to the central bank’s employment and inflation goals are now closer to equal.
“The balance of risks to our two mandates has changed — as risks to inflation have diminished and risks to employment have risen, these risks have been brought roughly into balance,” Jefferson said Tuesday in prepared remarks for an event at Davidson College in North Carolina.