Jefferson Details 2026 Economic Outlook as Federal Data Return

Overview

• Philip N. Jefferson delivered prepared remarks at Florida Atlantic University outlining his assessment of the economy at the start of 2026.
• He said the gradual restoration of federal data, interrupted by last year's funding lapse, has made forming the outlook easier.
• He highlighted reliance on Federal Reserve, state, and private-sector data to supplement gaps and inform policy judgments.
• The speech laid out three areas of focus: the outlook, implications for the path of monetary policy, and recent developments in monetary policy implementation.
• He noted that the remarks reflect his own views, and the BIS published the speech with a disclaimer that it does not represent institutional positions.