Fed Vice-chair Jefferson says will watch incoming data, making decision meeting by meeting ...Middle East

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Fed Vice-chair Jefferson says will watch incoming data, making decision meeting by meeting
Federal Reserve Vice Chair Philip Jefferson:FED rate cut 'recalibrated' policy to maintain strength of labor market.Economic growth is 'solid,' inflation has 'eased substantially,' labor market has 'noticeably' cooled.Inflation is much closer to 2% goal, expect to continue to make progress.Balance of risks to FED's two mandates have been brought roughly into balance.Will watch incoming data, evolving outlook, balance of risks in considering additional policy rate adjustments.My approach to policymaking is to make decisions meeting by meeting.--There is nothing new or fresh in these comments, Jefferson more or less relating what we've heard from other Fed officials. Earlier:Fed's Collins says

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