Fed’s Logan Says Still Too Early to Think About US Rate Cuts
- Evidence mounting that neutral interest rate level is higher
- US economy’s resilience is surprising given high rates
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Federal Reserve Bank of Dallas President Lorie Logan said it’s still too early to think about lowering borrowing costs given disappointing inflation data in the first few months of the year.
Logan, speaking in a question-and-answer session at the Louisiana Bankers Association Annual Conference, also said it’s uncertain how restrictive policy is currently, and that the economy’s resilience was surprising given the high rates.