Svmuu News: Federal Reserve Vice Chair Jefferson stated that if inflation does not cool down soon, interest rate hikes should be considered, but the current monetary policy is sound. In remarks prepared for an event at Stanford University in California, Jefferson said the Fed’s current interest rate settings are likely to support the labor market while bringing inflation down. He added that if actual inflation does not begin to ease in the short term, the Fed may need to reconsider its current policy stance, which allows it to respond effectively to economic developments.