Federal Reserve's Jefferson says U.S. growth remains solid but likely slowing
β’ Federal Reserve Vice Chair Philip N. Jefferson said in a May 27 speech that recent U.S. growth has been solid, but he expects a more modest pace ahead. β’ Jefferson placed the U.S. economy in a global context, pointing to recent international developments while focusing his remarks on domestic conditions and the outlook for growth. β’ The comments matter because signals from senior Fed officials can influence expectations for interest rates, bond yields, and equity-market pricing.
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