Federal Reserve's Logan: The Fed needs to "keep interest rates unchanged for now"
TL;DR
Dallas Fed President Logan advocates for keeping interest rates unchanged to assess monetary policy tightening, citing high inflation and a balanced labor market as reasons against further easing.
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Dallas Odaily Reserve President Logan said on Friday that the Fed needs to keep interest rates “unchanged for now” while assessing the current level of monetary policy tightening. In a speech in Zurich, she reiterated her previous view that the Fed’s October rate cut was not justified given that inflation remains high and the labor market is broadly balanced. She stated, “Keeping interest rates unchanged for a period of time, without clear evidence to support further policy easing, will allow the Federal Open Market Committee (FOMC) to better assess the constraints of current policy.” (Jinshi)