Logan Says Fed Should Cut ‘Gradually’ Amid Economic Uncertainty
- Dallas Fed chief says she supported cutting rates in September
- Says meaningful uncertainties remain for inflation, jobs
Lorie Logan
Photographer: Shelby Tauber/BloombergThis article is for subscribers only.
Federal Reserve Bank of Dallas President Lorie Logan said the central bank should lower interest rates at a slower pace following an unusually large rate cut last month.
Logan said she remains focused on both lowering inflation and supporting the labor market, and outlined several risks to the economy that justify a more measured approach to rate reductions. While she doesn’t vote on monetary policy decisions this year, Logan said she supported lowering borrowing costs at the central bank’s September meeting.