Fed's Jefferson Says Inflation Has Resulted From A Cascade Of Shocks; Longer Term Inflation Expectations Show Fed Credible On Getting Inflation Down; Fed Has To Be Prepared To Do Needed Work To Validate Inflation Expectations; Fed Is Firmly Committed To Return Inflation To 2% In A Timely Manner
Fed's Jefferson Says Inflation Has Resulted From A Cascade Of Shocks; Longer Term Inflation Expectations Show Fed Credible On Getting Inflation Down; Fed Has To Be Prepared To Do Needed Work To Validate Inflation Expectations; Fed Is Firmly Committed To Return Inflation To 2% In A Timely Manner