According to Jinshi, Federal Reserve Vice Chairman Jefferson said on Tuesday that if inflation fails to slow as expected, the current restrictive policy stance will be maintained for a longer period of time. He expects inflation to fall further, the policy interest rate to remain unchanged at the current level, the labor market to remain strong, and labor demand and supply to continue to rebalance. He pointed out that the inflation data in the past three months is higher than the low point in the second half of last year, while job growth and retail spending are still stronger than expected, and the work of restoring 2% inflation has not yet been completed.
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