Philip Jefferson

Federal Reserve vice chair Philip Jefferson said it 'may take more time' before the central bank raises interest rates again, signaling a possible pause in its tightening cycle. His remarks suggest officials want more evidence that inflation is returning to the 2% target before adjusting policy further.

Federal Reserve Vice Chair Philip Jefferson delivered remarks on the state of the US economy and monetary policy. The speech covered the outlook for growth, inflation and the direction of interest rates, and market watchers closely parsed his words for signals about the Fed's next policy moves. Details of the specific arguments have not yet been widely reported.

Federal Reserve Vice Chair Philip Jefferson said the central bank may take its time before making its next interest rate decision. His comments suggest policymakers want more evidence that inflation is returning to target before adjusting policy again. Investors and economists will watch upcoming inflation and jobs data for clues on the timing of the Fed's next move.