Fed Nominees Promise to Tackle Inflation at Capitol Hill Hearing

Governor Jefferson testified at his nomination hearing for Vice Chair of the Board of Governors of the Federal Reserve System, expressing his commitment to the Fed's goals of maximum employment and price stability. He highlighted his focus on the design, implementation, and transmission of monetary policy, as well as his efforts to communicate with the public. Jefferson acknowledged the challenges facing the economy, including inflation and banking-sector stress, and pledged to remain attentive to them. If confirmed, he looks forward to working with the Committee.