Fed's Jefferson (voter) says current policy stance should support the job market and allow inflation to resume decline towards 2% as tariff effects and energy price pass through

Says: In a scenario where inflation does not start cooling it could be appropriate to reconsider stance and ensure we deliver price stability. Current policy is well-positioned to respond based on incoming data, the evolving outlook and balance of risks. Firmly committed to returning inflation to the 2% target consistent with the dual mandates. Expect Middle East conflict to have muted effects on demand as the US is a net oil exporter and the economy is less oil-intensive.  Mnitoring two significant developments: Middle East conflict and proliferation of AI. Current scenario exemplifies policy dilemma where dual mandate goals are in tension.