Fed Vice Chair Jefferson advocates remaining cautious on rates as policy drama unfolds
1. Fed Vice Chair Jefferson urges caution in interest rate adjustments. 2. He sees a strong economy but anticipates a bumpy path to 2% inflation. 3. Current inflation at 2.6% year-over-year is still above the Fed's target. 4. Federal Open Market Committee recently held interest rates at 4.25% to 4.5%. 5. Jefferson highlights uncertainties from government policies and trade negotiations.