18-July-2026
Economy News
 
Fed May Need to Hike Rates if Inflation Does Not Ease Soon, Jefferson Says
17-Jul-2026

Federal Reserve Vice Chair Philip Jefferson on Thursday suggested he would be open to raising interest rates if there is no near-term improvement in inflation, though for now he believes it will be enough to hold short-term borrowing costs steady as the Fed did in June.

News Source:- https://money.usnews.com/investing/news/articles/2026-07-16/fed-may-need-to-hike-rates-if-inflation-does-not-ease-soon-jefferson-says