Fed’s Logan: Too soon to think about rate cuts

Federal Reserve Bank of Dallas President Lorie Logan:

• Too soon to think about rate cuts
• there are good reasons to think we are still on the path to 2% inflation, but bumpy
• policy may not be as restrictive as we think
• good reasons to believe neutral rate is higher now than before the pandemic
• if the neutral rate is higher than before it suggests rates won’t go back down to pre-pandeimc levels

more to come

This article was written by Eamonn Sheridan at www.forexlive.com.