Fed's Jefferson
Fed's Jefferson

More from Fed Gov. Jefferson:

  • Important not to focus on just one data point.
  • Too early to say April CPI started a new trend, but was good sign.
  • The labor market has been quite resilient.
  • Labor market coming into better balance.
  • Possible to have continued job growth while disinflation continues.
  • Wants Fed policy to fulfill both sides of Fed mandate
  • Job market resilient gives Fed space to maintain focus on lowering inflation.
  • Cautiously optimistic we can continue our battle with inflation and keep the economy strong