Jefferson: Fed must prep for economic shocks

Federal Reserve Vice Chair Philip Jefferson said policymakers should remain “vigilant and nimble” on monetary policy in case of adverse shocks to the economy.

Details: Speaking in Washington, Jefferson said he sees at least three key risks to economic forecasts:

  • Resilient consumer spending could stall progress on inflation.

  • Employment could weaken as the factors supporting economic growth fade.

  • Geopolitical risks could remain elevated and expand the impact on commodity prices and global financial markets.

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