Fed’s Jefferson: Expects economy to grow

Fed's board member Phillip Jefferson indicated that future Fed decisions will be driven by data and economic outlook. He also mentioned on Friday that the job market is slowly stabilizing. This is perceived as a signal that the Fed may have room to maintain an accommodative monetary policy. The market remains sensitive to policy rate outlook and employment situation, and these statements could notably impact the dollar. Jefferson's remarks suggest that the stabilization of the job market is a factor enhancing expectations for economic growth. If upcoming data turns out to be better than expected, the Fed might consider a more aggressive policy shift, requiring investors to remain vigilant. Depending on how the market reacts, it's important to contemplate the next moves. Should the Fed hint at future rate hikes, it would be a tailwind for the dollar; however, unexpected weak data could cause adverse effects.