According to CoinMeta, Jefferson stated that inflation has become the most important measure to consider as policymakers ponder whether to raise interest rates further. He noted that recent economic activity and labor market conditions have been robust, but price pressures continue to exist. The October price data reflect that inflation levels are still far above the Federal Reserve's targets. He believes that the trend of inflation will provide more important signals for determining the appropriate stance of monetary policy. Jefferson's speech marks the end of a series of public statements by Federal Reserve officials this week, further solidifying the market's expectation of a rate hike by the Fed in December.