Fed’s Jefferson Again Cautions on Risks to Inflation, Jobs Goals

Federal Reserve Vice Chair Philip Jefferson on Friday repeated his concerns that the central bank is juggling both a softening labor market at the same time that inflation remains above target.

In a speech that largely reiterated remarks he delivered Sept. 30, Jefferson said the uncertainty around his outlook is especially high, though he expects that uncertainty to ease as White House policies are finalized.

“As the changes in these policies are finalized and we have more time to judge how they are affecting the economy, I expect some of the broader uncertainty around the US economy to diminish,” Jefferson ...