Fed Vice Chair Jefferson Calls for Data-Driven Approach on Interest Rates

Federal Reserve Vice Chair Philip Jefferson stated on October 2 that policymakers require more time to determine if further interest rate hikes are necessary, citing persistent inflation risks. He noted that while the U.S. economy and labor market remain resilient, factors such as rising energy prices, AI investment, and tariffs are influencing the macro outlook. Jefferson emphasized that the Fed will monitor data trends and economic shocks to guide future monetary policy.