Logan Says Fed Should Take Time to Assess More Data Before Rate Cuts
02/10/2024 10:03
Federal Reserve Bank of Dallas President Lorie Logan said she sees no urgency to cut interest rates right now, adding that policymakers have time to assess incoming economic data.
Federal Reserve Bank of Dallas President Lorie Logan said she sees no urgency to cut interest rates right now, adding that policymakers have time to assess incoming economic data.
“We need to take time here to continue to look at the data and evaluate incoming data,” Logan said Friday at an event in Hurst, Texas. “I’m really not seeing any urgency to make any additional adjustments to rates at this time while we get a better understanding and build our confidence whether the progress that we’ve seen in inflation will be sustained over the medium run.”