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Nick Timiraos, chief economics correspondent at Wall Street Journal, reports that Federal Reserve Vice Chair Philip Jefferson has indicated officials may need more time before raising interest rates again.
Jefferson's comments, which align with recent remarks from New York Fed President John Williams, suggest that two of the central bank's leading figures are casting doubt on an October rate hike that investors had been increasingly expecting.
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Earlier this year, Nick Timiraos reported that investors were anticipating the first Federal Reserve rate increase in three years. In a separate piece, he noted that Fed governor Chris Waller had shifted from a tightening bias to favoring a hold on rates. These developments add context to the current cautious outlook among Fed officials.