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Fed’s Jefferson says there is no need to hurry further rate cuts

Federal Reserve Vice Chair Philip Jefferson

  • No need to hurry further rate cuts, strong economy makes caution appropriate
  • Interest rates likely to fall over medium term
  • Expect disinflation to continue, though progress may be slow
  • Fed faces uncertainty around government policy
  • Expect growth and labor market conditions to remain solid

Jefferson sticking to the current Fed line of being on hold.

This article was written by Eamonn Sheridan at www.forexlive.com.

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