Federal Reserve Vice Chairperson Jefferson: Policy interest rates are now somewhat restrictive, and there is no need to rush to adjust policy rates

Jefferson, vice-chairperson of the Federal Reserve, said it was crucial to assess the full impact of Trump's policy changes. Policy rates are now somewhat restrictive; there is no need to rush on policy rate adjustments, and the current policy rate is prepared for risk and uncertainty. Commodity inflation has risen, in part due to trade policy; falling prices for housing services may help offset inflation.