Fed’s Logan Says ‘Much Too Soon’ to Think About Cutting Rates
- Logan ‘increasingly concerned’ about upside inflation risk
- Fed Governor Bowman said it’s ‘still not yet’ time to cut
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Federal Reserve Bank of Dallas President Lorie Logan said it’s too soon to consider cutting interest rates, citing recent high inflation readings and signs that borrowing costs may not be holding back the economy as much as previously thought.
Logan, whose remarks are closely watched by investors given her prior role managing the central bank’s asset portfolio at the New York Fed, said she’s increasingly concerned that inflation progress could stall out.