Federal Reserve's Jefferson Advocates Caution Amid Economic Strength

According to Odaily, Federal Reserve Governor Jefferson has stated that there is no immediate need to further cut interest rates, citing the robust economy as a reason for a cautious approach. He anticipates that inflation will continue to decline, although this process may be gradual. In the medium term, interest rates are expected to decrease. The Federal Reserve is currently navigating uncertainties related to government policies, with expectations that economic growth and labor market conditions will remain strong.