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Fed’s Jefferson: Labor market is softening, could face stress if not supported
By Dhwani Mehta
Date Published: 30 Sep 2025 | Date Modified: 30 Sep 2025
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Federal Reserve (Fed) Vice Chairman Philip Jefferson said on Tuesday, “labor market is softening, could face stress if not supported.”
Federal Reserve (Fed) Vice Chairman Philip Jefferson said on Tuesday, “labor market is softening, could face stress if not supported.”
Additional quotes
Expect disinflation to resume after this year.
See growth remaining around 1.5% for the rest of 2025.
Impact of administration policy still evolving.
Consider uncertainty around baseline outlook as especially high.
Market reaction
The US Dollar Index keeps the offered tone intact below 98.00 following these comments. The gauge is down 0.20% on the day, as of writing, at 97.75.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.19% | -0.13% | -0.50% | -0.01% | -0.53% | -0.36% | -0.11% | |
| EUR | 0.19% | 0.04% | -0.31% | 0.16% | -0.33% | -0.16% | 0.10% | |
| GBP | 0.13% | -0.04% | -0.34% | 0.13% | -0.40% | -0.21% | 0.06% | |
| JPY | 0.50% | 0.31% | 0.34% | 0.45% | -0.03% | 0.31% | 0.42% | |
| CAD | 0.00% | -0.16% | -0.13% | -0.45% | -0.52% | -0.31% | -0.08% | |
| AUD | 0.53% | 0.33% | 0.40% | 0.03% | 0.52% | 0.17% | 0.47% | |
| NZD | 0.36% | 0.16% | 0.21% | -0.31% | 0.31% | -0.17% | 0.27% | |
| CHF | 0.11% | -0.10% | -0.06% | -0.42% | 0.08% | -0.47% | -0.27% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
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