Federal Reserve Vice Chairman Jefferson: Focus on policy-driven inflation risks, downplay the impact of Moody's downgrade
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Federal Reserve Vice Chairman Jefferson stated at the Atlanta Federal Reserve Financial Markets Conference that the Federal Reserve needs to ensure that price increases caused by policy changes do not lead to persistent inflation. He pointed out that current adjustments in U.S. policy may push up inflation, but the Federal Reserve will keep the benchmark interest rate unchanged due to solid economic fundamentals. Jefferson emphasized that Moody's downgrade of the U.S. credit rating will not affect the Federal Reserve's policy direction, and monetary policy remains in good shape
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