Federal Reserve's Jefferson: There's no need to rush into further rate cuts; a strong economy makes a cautious approach appropriate

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Jefferson stated that there is no need to rush into further rate cuts, as a strong economy makes a cautious approach appropriate.

It is expected that the decline in inflation will continue, although this process may be relatively slow. Interest rates may decrease in the medium term. The Federal Reserve faces uncertainty regarding government policies and expects economic growth and labor market conditions to remain robust.