Federal Reserve Vice Chair Philip Jefferson has signaled growing concern about employment risks while emphasizing the need for cautious monetary policy. His remarks suggest the central bank is carefully weighing whether to cut rates further or maintain current levels. The comments come ahead of the Fed’s December policy meeting.
about Fed's Jefferson Warns of Employment Risks, Urges CautionPhilip Jefferson
0 posts last weekFed Chair Candidates: Bowman, Jefferson, Logan in Running
Administration officials have revealed that Federal Reserve Vice Chairs Michelle Bowman and Philip Jefferson, along with Dallas Fed President Lorie Logan, are under consideration for the central bank’s top position when it becomes available next year. Treasury Secretary Scott Bessent is set to interview more candidates in the coming weeks, with President Donald Trump expected to announce his final choice in the fall. The selection process highlights the administration’s focus on shaping the future of U.S. monetary policy. Bloomberg’s Balazs Penz reports on the developments, signaling a pivotal moment for the Federal Reserve’s leadership transition.
about Fed Chair Candidates: Bowman, Jefferson, Logan in Running