Fed Vice Chair Jefferson advocates remaining cautious on rates as policy drama unfolds

Philip Jefferson speaks during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, D.C., U.S., on Feb. 3, 2022. The U.S. Senate on Wednesday voted overwhelmingly to confirm Philip Jefferson, an economist and Davidson College's dean of faculty, to the Federal Reserve Board.Ken Cedeno | Bloomberg...

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PCE inflation December 2024:

Customers shop for food at a grocery store on Jan. 15, 2025 in Chicago, Illinois.Scott Olson | Getty Images News | Getty ImagesInflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central bank's target.The personal consumption...

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deeply unpopular despite growth and jobs

US President Joe Biden delivers his farewell address to the nation from the Oval Office of the White House in Washington, DC, on Jan. 15, 2025. Mandel Ngan | Via ReutersTo the untrained eye, Joe Biden leaves the presidency with what appears to be a sterling economic record: hiring proceeding...

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