-
Fed’s Jefferson Again Cautions on Risks to Inflation, Jobs Goals
Federal Reserve Vice Chair Philip Jefferson on Friday repeated his concerns that the central bank is juggling both a softening labor market at the same time that inflation remains above target. In a speech that largely reiterated remarks he delivered Sept. 30, Jefferson said the uncertainty around his outlook is especially high, though he expects that uncertainty to ease as White House policies are finalized. “As the changes in these policies are finalized and we have more time to judge how they are affecting the economy, I expect some of the broader uncertainty around the US economy to diminish,” Jefferson said ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Federal Reserve officials are officially flying blind as a government shutdown precluded Fridays release of a key monthly jobs report, arguably the most important data needed to make a decision about the future path of monetary policy at a meeting later this month. But markets don't appear to be concerned that unanswered questions about the health of the ...
From economics.bmo.com | Oct 3, 2025
The large U.S. services sector stalled in September, while price pressures intensified likely due to tariffs. The ISM Services Index slid two full points to 50.0, suggesting the sector came to a standstill last month. Business activity contracted slightly and for the first time since the 2020 shutdowns. New orders came to a virtual halt. With less business, ...
U.S. President Donald Trump on Friday ordered Israel to stop bombing the Gaza Strip after Hamas said it had accepted some elements of his plan to end the nearly two-year war and return all the remaining hostages taken in the Oct. 7, 2023, attack. Hamas said it was willing to release the hostages and hand over power to other Palestinians, but that other aspects of the plan require further consultations among Palestinians. Senior Hamas officials suggested there were still major disagreements that required further negotiations. There was no immediate response from Israel, which is largely shut down for the Jewish Sabbath, and Hamas response fell short of Prime Minister Benjamin Netanyahus demands that the group surrender and disarm. Israel had earlier accepted Trumps plan in its entirety. Trump welcomed the Hamas statement, saying: I believe they are ready for a lasting PEACE.
Based on the Statement just issued by Hamas, I believe they are ready for a lasting PEACE. Israel must immediately stop the bombing of Gaza, so that we can get the Hostages out safely and quickly! Right now, its far too dangerous to do that. We are already in discussions on details to be worked out. This is not about Gaza alone, this is about long sought PEACE in the Middle East.
Truth Social image.