$BTC Jefferson from the Fed: interest rates in a restricted zone
- He describes the better inflation data in April as “encouraging.”
- It is too early to know whether the slowdown in the deflation process will continue or not
The Fed's Jefferson says it's important not to focus on a single data point
- It's too early to say that April's CPI data points to the future, but it was a "good sign."
- The labor market has become completely flexible, and is moving towards a better balance
Federal Reserve Governor Jefferson: Flexibility in the labor market provides “space” to continue focusing on reducing inflation
- The “cautiously optimistic” Fed can continue the battle with inflation and keep the economy strong