The Vice President of the Federal Reserve (FED), Philip Jefferson, was on the lines on Tuesday night, commenting on the economic and interest rate perspectives.
Key quotes
There is no need to hurry with more rate cuts; A strong economy makes caution appropriate.
Interest rates are likely to fall in the medium term.
Disinflation is expected to continue, although progress can be slow.
Fed faces uncertainty about government policy.
The conditions of growth and the labor market are expected to remain solid.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
