*JEFFERSON SAYS FED MAY NEED ‘MORE TIME’ TO DECIDE ON NEXT MOVE *JEFFERSON: INFLATION RISKS ARE TILTED TO THE UPSIDE *JEFFERSON: NOT SEEING INFLATION SPILLOVERS FROM TARIFFS, ENERGY *JEFFERSON: EXPECT NEAR-TERM GROWTH TO REMAIN AT FIRST-HALF PACE *JEFFERSON: FED CAN’T CONSIDER EACH SUPPLY SHOCK IN ISOLATION *JEFFERSON: US ECONOMY BUFFETED BY ‘CASCADE’ OF SHOCKS *JEFFERSON: EXPECT ELEVATED INFLATION IN SHORT RUN, THEN DECLINE
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