Federal Reserve Vice Chair Philip Jefferson indicated that policymakers may require additional time to assess incoming data before implementing another interest rate increase, casting doubt on expectations for an October hike. His remarks align with recent comments from New York Fed President John Williams, suggesting the Fed's two most senior officials are reconsidering near-term tightening despite growing market bets on imminent action. Jefferson emphasized that future policy adjustments will depend on careful analysis of data trends, the evolving economic outlook, and risk balances. He noted that rising yields across maturities since the September meeting reflect investors reassessing macroeconomic conditions, stating that determining the appropriate monetary policy stance may take more time as officials evaluate whether inflation is returning to target at a sufficient pace.