Federal Reserve Vice Chair Philip Jefferson indicated potential interest rate hikes if inflation fails to improve. Current policy remains appropriate for now, supporting the labor market and inflation's return to 2%. However, policymakers may reassess if inflation does not cool soon, ensuring price stability. Jefferson highlighted inflation risks over labor market concerns, noting potential impacts from global events.

Fed Governor Waller warns of potential rate hikes if inflation persists, emphasizing vigilance in monetary policy amidst resilient economic indicators.

Fed's Schmid notes stable labor market and persistent inflation above 2%. Rate hike by October 2026 at 43% YES.