Fed Vice-chair Jefferson says Bank has not changed its approach to monetary policy ...Middle East

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Fed Vice-chair Jefferson says Bank has not changed its approach to monetary policy
Federal Reserve Vice Chair Philip Jefferson Q&A now:Fed has not changed its approach to monetary policyFed is always thinking about the balance of risksOur goal has been to bring inflation down without causing undue or a disorderly increase in the unemployment rate Performance of labour market gave us headroom to keep policy restrictive for a long periodSize of September rate cut was timelyFed's rate cut was neither proactive or reactive Important not to focus on narrow measures of inflation, labor market need to look at totality of the data Fed aims to create economy with inflation at 2% and employment as high as possible if we do that, it will be possible for interest rates to be normalize

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