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2026-05-28 08:22:04
[Fed Vice Chairman Jefferson: Inflation Expected to Cool, But Risks Remain Tilted to the Upside] (1) Federal Reserve Vice Chairman Jefferson said that inflation is expected to cool later this year as the effects of tariffs and rising energy costs gradually subside, but warned that inflation risks are still tilted to the upside. (2) He is closely monitoring whether rising energy costs due to the war in Iran will dampen consumer spending and continues to see signs of weakness in the labor market. (3) Jefferson reiterated that the current policy stance is well-suited to address economic dynamics, made no predictions for the next meeting, and looks forward to discussing with colleagues the policies needed to achieve the dual mandate objectives.
