Fed’s Jefferson: Higher Yields Signal Investor Reassessment; Rate Move May Take More Time
Federal Reserve Vice Chair Philip Jefferson stated that rising Treasury yields since the central bank's September meeting indicate investors are reassessing the economic outlook. He suggested that future policy adjustments should be data-dependent and that the next rate move 'may take more time'.
Federal Reserve Vice Chair Philip Jefferson said Treasury yields have risen further since the central bank’s September meeting, indicating investors are reassessing the economic outlook as policymakers weigh their next move. Jefferson said any future policy adjustments should be guided by incoming data, the evolv…