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Fed vice chair signals rate hikes may take more time

Original: Federal Reserve vice chair says it ‘may take more time’ before hiking rates again

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.

Why now: Markets and borrowers are closely watching for clues on the timing of the Fed's next rate move.

Federal ReservePhilip Jefferson

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Evidence

• Federal Reserve vice chair says it ‘may take more time’ before hiking rates again · The Hill

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