Reported about 7 hours ago
Dallas Federal Reserve Bank President Lorie Logan indicated her readiness to maintain interest rates for an extended period, even if inflation approaches the 2% target, provided the labor market remains robust. She emphasized that slowing inflation combined with a strong labor market suggests the current monetary policy isn't overly restrictive. Rate cuts might only be considered if the labor market cools significantly. Logan highlighted various uncertainties impacting the Fed's decisions, including trade policy and financial conditions.
Source: YAHOO