Even after 100 basis points of rate cuts in the latter part of 2024, Jefferson told students at Swarthmore College that Fed policy remains restrictive and is exerting downward pressure on inflation.

(Reuters) - U.S. Federal Reserve Vice Chair Philip Jefferson on Wednesday said he is content to keep the central bank's policy rate in its current position until policymakers get a better sense of ...

Federal Reserve Chairman Jerome Powell mentioned the labor market 25 times during his press conference last week. Over and over, he called the labor market "solid" and "good." This week, economist Tim ...

In a speech at Lafayette College in Pennsylvania last week, Fed Vice Chair Philip Jefferson said he believes inflation will continue to decelerate, but acknowledged the risk that policy changes ...

A person inside a home in Gorham was able to get out safely after a fire broke out in the attic early Sunday. Fire crews ...

Governor Philip Jefferson, a centrist who’s nominated to be vice-chair and who often echoes chairman Jerome Powell’s views, said yesterday that skipping an increase would give policymakers ...

The Fed wants to assess the “net effect” of Trump’s policies before making a move. Vice Chair of the U.S. Federal Reserve, Philip Jefferson, said on Wednesday that he’s in no rush to change the ...