Federal Reserve Governor Philip Jefferson said on Tuesday that central bank policymakers are 'resolute' in wrestling inflation back under 2% with higher rates.
Michael Lee Strategy's Michael Lee argues a Federal Reserve pause on rate hikes would push stocks higher.
"We have acted boldly to address rising inflation, and we are committed to taking the further steps necessary," Jefferson said in Atlanta in his first speech since joining the U.S. central bank as a governor in May. "My colleagues and I are resolute that we will bring inflation back down to 2%." Jerome Powell, chairman of the U.S. Federal Reserve, arrives to speak during a news conference following a Federal Open Market Committee meeting in Washington, D.C., US, on Wednesday, Sept 21, 2022.
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