Federal Reserve Vice Chair Philip Jefferson says inflation is still a big worry, even though the economy and job market are doing well.
Speaking at UC San Diego, he warned that if prices keep rising, the Fed might have to bump up interest rates again.
Jefferson flags Fed pause, AI risks
Jefferson explained that the Fed recently hit pause on rate hikes to see how things play out, but inflation keeps them on alert.
He also pointed out that while AI could make us more productive, it might leave some workers behind, so the Fed has to keep an eye on both tech changes and economic risks.