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: 2024.11.13
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Fed's Logan: US economic activity is resilient
Breaking news
Fed's Logan: US economic activity is resilient
New
2024.11.13 23:56
2024.11.13 23:56
2024.11.13 23:56
Dallas Federal Reserve President Lorie Logan urged caution on Wednesday, advising the bank to move slowly with additional rate cuts to avoid unintentionally stoking inflation.
Key Quotes
- US central bank 'most likely' will need more interest rate cuts, but should 'proceed cautiously'.
- Models show that Fed Funds rate could be 'very close' to neutral rate.
- If Fed cuts too far, past neutral level, inflation could reaccelerate.
- Difficult to know how many Fed rate cuts may be needed, and how soon they may need to happen.
- Fed has made 'great deal of progress' bringing down inflation, restoring balance to economy.
- Fed is not quite back to price stability yet.
- U.S. economic activity is 'resilient.'
- Labor market 'cooling gradually' but not weakening materially.
- Rise in bond yields in part reflects rise in term premiums; if rise continues, Fed may need less restrictive policy.
Last updated
: 2024.11.13
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