Fed's Logan Warns Against Premature Rate Cuts Despite Lower Inflation

Reported about 1 month ago

Lorie Logan, President of the Federal Reserve Bank of Dallas, cautions that lower inflation may not automatically lead to interest rate cuts, suggesting that a strong labor market could indicate no need for further reductions. She emphasizes the importance of monitoring economic data closely, especially as policymakers await clearer indications before making decisions on borrowing costs.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis