Odaily Planet Daily News: Federal Reserve Vice Chairman Jefferson said he expects the U.S. economy to continue growing at a rate of around 1.5% for the rest of the year, and the job market will face potential pressure without the support of the Federal Reserve. He said he supports the Fed cutting interest rates by 25 basis points at its September meeting to strike a balance between the risk of persistently above-target inflation and the growing threat to the job market. "The labor market is softening, which suggests it could be under pressure if support is lacking," Jefferson said, adding that he expects inflation to begin to fall back to the Fed's 2% target level after this year. Jefferson noted that the impact of the Trump administration's trade, immigration and other policies is still evolving, so there is a particularly high degree of uncertainty in his baseline forecast. Although the impact of tariffs on inflation and other aspects of the economy has been less than some economists expected, Jefferson said he expects these impacts "to become more apparent in the coming months." (Jinshi)