Fed Vice Chair Jefferson (voter) says has not prejudged outcome of June FOMC meeting and monetary policy is well postioned to respond to the economy

Says:

• Is firmly committed to getting inflation back to 2%.
• Risks around inflation outlook are tilted to upside.
• Expects inflation to wane later this year on fading tariff, energy hits.
• Energy shock downside risk to growth, upside risk to inflation.
• Recent US economic activity has been solid.
• Labour market stable with risks tilted toward downside.
• US is not immune to oil-related energy shocks.