Fed Logan (voting in 26): Next couple of months of inflation will be pretty important

• The next couple of points of inflation will be pretty important.
• Even if get better data on inflation, should be cautious on rates
• if labor market stays stronger, better inflation data doesn’t necessarily mean Fed can cut.
• Also focused on geopolitical, policy changes.
• We are taking our time to see how these affect economy.
• There is a lot of optimism among Texas banks on loan demand, economic growth.
• Need tailoring of banking regulation, based on size as well as risk profile
• Critically important that every bank is set up to use the Fed’s discount window.
• Still are some banks that are not signed up to discount window, still some that have not tested it

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