Fed’s Jefferson Says Policy Leaves Officials Well Positioned (2)

Federal Reserve Vice Chair Philip Jefferson said interest rates are near the level that neither slows nor stimulates the economy, leaving officials in a good place to respond to evolving risks.

“In my view, the current policy stance leaves us well positioned to determine the extent and timing of additional adjustments to our policy rate based on the incoming data, the evolving outlook and the balance of risks,” Jefferson said Friday in remarks prepared for an event in Boca Raton, Florida.

Jefferson joined a growing group of officials who — following three rate cuts to close ...