Fed’s Jefferson says the Bank can take its time to consider its next monetary policy move

Jefferson is Vice Chair of the Board of Governors of the Federal Reserve

• Says the Fed can take time when weighing the next monetary policy move.
• US economic performance has been quite strong.
• US monetary policy remains restrictive.
• The US labor market is solid, and inflation has eased but is still elevated.
• Fed rate cuts are lowering real-world borrowing costs.
• Household balance sheets appear to be in good shape.
• The path back to 2% inflation could be bumpy.
• Some households are more stretched on the financial front.
• Some households may face challenges weathering financial shocks.

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