Inflation & Prices
Lower Inflation Wouldn’t Assure Rate Cuts, Fed’s Logan Says
- Dallas Fed chief remains focused on Fed’s inflation goal
- Says officials are in a good place to monitor incoming data
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Federal Reserve Bank of Dallas President Lorie Logan urged policymakers to remain cautious in the coming months, reiterating lower inflation wouldn’t necessarily prompt further interest-rate reductions.
“Even if we do get better data — and it does look like it’s coming close to 2% — I think we should be cautious,” Logan said Friday during a moderated discussion in Palm Desert, California. “Because if the labor market and the overall economy is strong, even in that environment, it doesn’t necessarily mean there’s room to cut rates further.”