Fed's Jefferson Sees Downside Risks to Employment Increasing

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Federal Reserve Vice Chair Philip Jefferson expressed concerns about increasing downside risks to employment, emphasizing the need for cautious interest rate decisions as rates approach neutral.

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Federal Reserve Vice Chair Philip Jefferson says he sees increased downside risks to employment and repeats his view that policymakers need to proceed slowly as interest rates approach neutral. He speaks during an event at the Kansas City Fed. (Source: Bloomberg)

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Original article published by Bloomberg on November 17, 2025.
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