Dallas Fed Pres. Lorie Logan: Fed has made substantial progress on inflation

Dallas Fed Pres. Lorie Logan is speaking and says:

• Fed has made substantial progress on inflation, with the labor and economy strong
• it is not a softly ending yet
• 1Q inflation data disappointing.
• There are important upside risks to inflation.
• There are uncertainties regarding if policy is sufficiently restrictive.
• Too early to think about putting rates.
• We need to remain flexible on policy.
• Neutral interest rate level may have risen

Logan is not a voting member and tends to be a little bit more hawkish. She is also president of one (if not) the strongest Federal Reserve districts

This article was written by Greg Michalowski at www.forexlive.com.