According to online reports, Federal Reserve Vice Chairman Jefferson said that when formulating monetary policy, Moody's downgrade of the U.S. credit rating will be regarded as ordinary economic data. "We will view this downgrade in the light of all the information that is coming: what it means in terms of our achievement of the goals set, without commenting on what a downgrade might mean in a political economy," Jefferson said. He added: "Our goal is to fulfill our dual mission-to maximize employment and price stability. In times of change in financial markets, it is especially important to remain focused on our mission." (Jin Shi)