Fed vice chair Jefferson says should proceed slowly with further rate cuts

November 7, 2025
-FXnews

Should proceed slowly as policy approaches neutral rate
The current policy stance is still somewhat restrictive
Will decide on votes on a meeting by meeting basis considering potential lack of data due to shutdown
Available information suggests not much about the economy has changed in recent months
But still, December is a “live meeting”

There’s still some time before the next Fed meeting on 10 December. And it remains to be seen how much will the government shutdown impact the economy or clarity about it with policymakers having to still rely on private surveys for now

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