Federal Reserve Jefferson: Inflation Signals Determine Interest Rate Trends

Federal Reserve Vice Chairman Philip Jefferson stated that inflation has become the most important metric for policymakers to consider whether to raise interest rates further. He noted that recent economic activity and the labor market are robust, but price pressures persist. Jefferson emphasized that the trend of inflation will provide important signals for the stance of monetary policy, and policymakers should pay attention to economic data to decide whether to adjust policies. This week, several Federal Reserve officials expressed concerns about price pressures, and the market expects an interest rate hike in December.