Central Banks
Fed’s Logan Says Higher Yields Allow More Time to Watch Economy
- Inflation is still too high despite welcome progress, she says
- Dallas Fed chief says not thinking about cutting rates yet
This article is for subscribers only.
Federal Reserve Bank of Dallas President Lorie Logan said she’s not yet convinced that inflation is trending down to the central bank’s 2% target, but higher long-term yields are giving officials more time to evaluate economic data.
“We’ve seen some welcome progress with respect to inflation, but it’s still too high,” Logan said Thursday during a moderated discussion organized by the Money Marketeers of New York University.