Fed’s Jefferson and Cook both say must remain focused on returning inflation to 2%

Federal Reserve nominees comments. The statements come from prepared remarks for Senate confirmation hearing.

Jefferson is facing confirmation as Fed Vice Chair:

  • I remain focused on returning inflation to 2%
  • Fed must remain
    attentive to inflation, banking-sector stress and geopolitical
  • US banking system is
    sound and resilient, I remain attuned to any threats to its stability

Cook weighing in also:

  • Focused on inflation until the job is done
  • The American economy is at a critical juncture
  • Has consistently
    supported fed work to lower inflation

This article was written by Eamonn Sheridan at www.forexlive.com. Source