Central Banks
Fed’s Logan Says Inflation Too High, Outlines Measures to Watch
- Dallas Fed chief speaks at Fed Listens event with Gov. Bowman
- Fed’s Michelle Bowman says lowering inflation is essential
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Federal Reserve Bank of Dallas President Lorie Logan on Thursday outlined what she’s looking for to show the US central bank has made enough progress in its battle to cool price pressures.
“As you surely know, inflation has been much too high,” Logan said in opening remarks to a Fed Listens event in Odessa, Texas. “The Fed has raised interest rates by 4.5 percentage points over the past year to bring the economy into better balance.”