Fed’s Jefferson says central bank ‘may take more time’ before hiking rates again

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Federal Reserve Vice Chair Philip Jefferson said policymakers may wait for more economic data before deciding whether to raise interest rates again. He emphasized assessing economic trends, the outlook, and the balance of risks before any future policy adjustment.

Federal Reserve Vice Chair Philip Jefferson said Thursday the central bank will wait to evaluate incoming economic data before deciding whether to hike interest rates again. “As we look ahead, my view is that any future adjustments in policy should be determined by carefully examining trends in the data, the evolving outlook, and the balance…