Fed's Jefferson says Fed is in "watch and wait" mode about state of government policy

Jefferson is Vice Chair of the Board of Governors of the Federal Reserve

• The best thing the Fed can do is achieve its inflation and job mandates.
• Fully committed to getting inflation back to target, will do what it takes.
• Takes fiscal and government actions as given when making policy.
• The Fed is in watch-and-wait mode about the state of government policy.
• Declines to speculate on broader government policy choices.

Earlier:

• Fed's Jefferson says the Bank can take its time to consider its next monetary policy move