Federal Reserve Vice Chairman Jefferson said there is no need to adjust policies in the short term

Federal Reserve Vice Chairman Jefferson stated that the current interest rate stance is suitable for a stable economic situation and there is no need to restart the interest rate cuts that were suspended in January in the short term. He expects the downward trend of inflation rate to reappear later this year, and the economic growth rate may reach about 2.2% in 2026. Jefferson believed that the labor market was stabilizing, inflation was expected to return to the 2% target, and economic growth was sustainable. He mentioned that the Federal Reserve cut interest rates three times from September to December last year, adjusting them to a range of 3.5% -3.75%, close to the "neutral level", achieving a reasonable balance between the two major risks.