Jefferson: The Fed should proceed with caution as the Intrerest Rate approaches neutral levels.

According to Mars Finance, Jin10 reported that Fed Vice Chairman Jefferson stated that, given that interest rates have been lowered to near “neutral levels”, the Fed should proceed with caution. He pointed out that current interest rates still have a “certain restrictive” effect on the economy and supported the Fed's decision to lower interest rates by 25 basis points last week. Jefferson indicated that existing data suggest that the overall economic situation in the United States has not changed much in recent months, with the economy growing at a “moderate pace” and the job market “gradually cooling down”.