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Live Updates  >  Live Update Details

2026-07-17 07:04:12

Federal Reserve Vice Chairman Jefferson stated that the current policy stance should support the labor market and, as the effects of tariffs and energy prices pass through, put inflation back on track towards 2%. He emphasized a firm commitment to restoring inflation to the 2% target, consistent with the dual mandate. He added that current policy is capable of responding effectively to the latest data, the evolving outlook, and the balance of risks. He anticipated that the impact of the Middle East conflict on demand would be limited, as the U.S. is a net oil exporter and its economy is less dependent on oil.

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