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.