Fed’s Logan Signals Inflation Is Top Issue, Urges Rate Caution

Federal Reserve Bank of Dallas President Lorie Logan said the US central bank is further away from its inflation target than it is from the maximum employment goal, and reiterated that officials should move cautiously with interest-rate reductions.

“Right now, we’re furthest away on the inflation side of those objectives, with a forecast that takes some time to get back to 2%,” Logan said Friday during a conference in Mexico City. “But of course, there’s a lot of uncertainty in the world.”