Washington DC [US], US Federal Reserve Vice Chairman Philip N. Jefferson believes it would be appropriate to maintain the current restrictive monetary policy stance to align inflation with 2 percent, the International Research Forum on Monetary Policy on Tuesday. Speaking in, he said that while the outlook is still quite uncertain, if incoming data shows that inflation is more stable than they currently expect, then there will be a need to maintain restrictive policy, stressing, "I see inflation as Fully committed to bringing it back to 2 per cent,” he said in Namaste. Speech "My baseline view is that inflation will decline further, policy rates will remain stable at their current levels, and the labor market will remain strong, with imbalances in the demand and supply of labor continuing. The latest data showed inflation in the US in March Inflation rose by 3.5 percent year-on-year in the 12 months through March, the highest in nearly six months since February, a bigger-than-expected increase that dashed hopes of an interest rate cut soon. rose 3.2 percent in the U.S. "Although we have seen considerable progress in reducing inflation, the task of permanently restoring 2 percent inflation is not yet complete," Fed Vice President Chai said at its March meeting. The Reserve voted to leave the key interest rate unchanged at 5.25-5.50 percent, keeping the policy rate unchanged for the fifth consecutive time, the US Federal Reserve's June meeting said. Given the insistence on interest rate cut during this period, it is not likely.Inflation in the country During the COVID-19 pandemic, interest rates were close to zero. Raisin interest rates are a monetary policy instrument that generally helps to suppress demand in the economy, thereby helping to decline the inflation rate. As for growth in the US, the Fed official said real GDP growth in the fourth quarter of 2023 was 3.4 percent, and he expects first-quarter economic growth to be slow but solid as evidenced by the solid growth in the latest retail sales. Get signal.