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Jefferson: Fed can 'proceed carefully' amid better risk balance
— *Walter Bloomberg (@DeItaone) October 9, 2023JEFFERSON: FED CAN 'PROCEED CAREFULLY' AMID BETTER RISK BALANCE
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— Breaking Market News (@financialjuice) October 9, 2023FED'S JEFFERSON: I AM MINDFUL OF LAGGED EFFECTS OF PAST RATES AS I CONSIDER WHETHER WE WILL NEED FURTHER POLICY TIGHTENING.
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— Breaking Market News (@financialjuice) October 9, 2023FED'S JEFFERSON: I EXPECT FURTHER GRADUAL EASING OF LABOR MARKET CONDITIONS.
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Jefferson: U.S. Economic Outlook and Monetary Policy Transmission
Thank you for inviting me to join this conference and for the kind introduction. It is a pleasure to be here. Before I begin, let me remind you that the views I will express today are my own and are not necessarily those of my colleagues in the Federal Reserve System. I will take this opportunity to share with you my outlook on the U.S. economy. I will also discuss risks facing the economy. Then, I will turn to the transmission of monetary policy, including some recent evidence on a source of lagged effects of policy. Finally, I will discuss considerations for monetary policy that follow from efforts to manage risks ... (full story)