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The Economic Times
The Economic Times
Anupam Nagar

US Stock Market: Fed Vice Chair Jefferson backs current rate stance ahead of June meeting

Philip Jefferson United States US Federal Reserve Inflation Economy Kevin Warsh Monetary Policy the Federal Reserve

Federal Reserve Vice Chair Philip Jefferson said the current stance of US monetary policy remains appropriate as the central bank navigates persistent inflation risks and an economy that continues to show resilience.

Speaking at the 2026 Bank of Japan-Institute for Monetary and Economic Studies Conference, Jefferson said the federal funds target rate range of 3.5% to 3.75% leaves the Federal Reserve well positioned to respond to evolving economic conditions.

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