Fed's Jefferson: No need to rush to cut rates further, strong economy makes cautious response appropriate

Odaily News Federal Reserve Board member Jefferson said there is no need to rush to cut interest rates further, as the strong economy makes a cautious response appropriate. It is expected that inflation will continue to fall, but the process may be slow. Interest rates may fall in the medium term. The Federal Reserve faces uncertainty in government policies and expects economic growth and labor market conditions to remain robust. (Jinshi)