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Fed Vice Chair Jefferson Says Inflation Risks May Have Eased as Policy Nears Neutral Rate

Federal Reserve Vice Chair Philip Jefferson said on Nov. 17 that upside risks to inflation may have diminished and tariff impacts could prove temporary, Jin10 reports. Jefferson noted the labor market shows supply and demand are cooling gradually, emphasizing caution is warranted as monetary policy approaches the neutral rate. The Fed's Beige Book, due next week, will provide additional perspectives on economic conditions.
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