Fed Vice Chair Jefferson: Inflation Influences Rate Decisions

Federal Reserve Vice Chair Philip Jefferson stated that inflation is the most important metric for policymakers when considering further interest rate hikes. Recent U.S. economic activity and labor market conditions are robust, but price pressures remain stubborn, with October's price data consistent with inflation levels above the target. Monetary policy can influence cyclical conditions but cannot address structural factors affecting long-term employment rates, such as the mismatch between worker skills and employer demands.

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