Fed's Jefferson (voter) says Fed is fully committed to returning inflation to 2% target; Fed may take more time to decide the next rate move

Future Fed rate changes should be driven by the data Weighing more data will allow the Fed to make a better call on rates Economic output and the job market are broadly solid Bond yields show market participants rethinking the outlook September rate hike will help anchor inflation expectations Inflation remains above target with upside risks Still expects inflation pressure to ease over the longer term Sees the jobless rate holding steady into the end of this year Worried high inflation could spill into expectations