The Federal Reserve potentially leaving interest rates unchanged at next month’s policy meeting might not indicate that the central bank’s tightening efforts are over, Fed Governor Philip Jefferson said in a speech. An announcement to keep the benchmark fed funds rate in the target range of 5.00 and 5.25 percent would allow officials to comb…
‘Skipping’ Rate Hike Not a Signal That Tightening Is Over: Fed’s Jefferson
Biden Nominates Philip Jefferson as Federal Reserve Vice Chair
Federal Reserve Governor Philip Jefferson has been nominated by President Joe Biden to serve as the central bank’s next vice chair. If confirmed by the Senate, Jefferson would replace Lael Brainard, who resigned from her position in February to become the president’s chief economic adviser. He was widely expected to become the next Fed’s second…
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