Federal Reserve Vice Chairman Jefferson: I prefer to keep interest rates unchanged at the current level.

Federal Reserve Vice Chairman Philip Jefferson said during his talk on Thursday that he prefers to keep the federal funds interest rates unchanged at the current level, explaining that he wishes to wait longer to see the net effect of Trump's economic policies and tariffs.

The key statements from Jefferson today were as follows:

• There is no reason to rush to lower interest rates at this time.
• I prefer to keep current interest rates as they are for now.
• The Federal Reserve should wait first to see the net impact of Trump's tariff policies.
• It is essential to study the overall impact of the Trump administration on the Federal Reserve's monetary policy goals before moving forward with interest rate cuts.
• The Federal Reserve's ability to be patient with economic developments is in a good position.
• The interest rate at the Federal Reserve remains at tight and constraining levels for economic activity, despite a reduction of 100 basis points.