Another Fed Leader Suggests Next Rate Increase Can Wait
Dow Jones
5 hours ago
Federal Reserve Vice Chair Philip Jefferson said Thursday that officials might need more time before deciding whether to raise interest rates again, echoing signals from another Fed leader that cast doubt on bets the central bank would lift rates at its meeting later this month.
New York Fed President John Williams had said Tuesday there was "no need for urgency" after the Fed's rate increase in September.
Because Jefferson and Williams support Chairman Kevin Warsh in an informal leadership group known as the troika, the parallel messages suggest the go-slow signal reflects the leadership's thinking rather than a single official's preference.
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