Federal Reserve's Jefferson says U.S. growth remains solid but likely slowing
• 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. • 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. • The comments matter because signals from senior Fed officials can influence expectations for interest rates, bond yields, and equity-market pricing.
federalreserve.gov