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Federal Reserve Vice Chair: Current monetary policy is "in a favorable position," with an expected economic growth of 2.2% this year
GateNews
BlockBeats News, February 7 — Federal Reserve Vice Chair Jefferson stated that the Federal Reserve’s current monetary policy is “well-positioned” to respond to potential future scenarios. The employment market is softening amid declining demand and immigration issues. The December Personal Consumption Expenditures (PCE) Price Index is expected to increase by 2.9% year-over-year. The employment market may be in a balanced state, characterized by low hiring and low layoffs. The US economy is projected to grow by 2.2% this year. (Jin10)
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