Federal Reserve Vice Chair Jefferson said the current monetary policy stance is in a good place and will be reconsidered if necessary.

TechFlow news, July 17, according to Cailianshe, Federal Reserve Vice Chair Jefferson stated that if inflation does not cool down quickly, raising interest rates should be considered, but also stated that the current monetary policy is in good shape. Jefferson said in a speech prepared for an event at Stanford, California on Thursday that the Federal Reserve's current interest rate setting may support the labor market while causing inflation to decline. However, he immediately added a condition. "If actual inflation does not begin to cool down in the short term, I think perhaps we should reconsider our current policy stance," he said. "Fortunately, our current policy stance enables us to respond well to economic development trends."