đ Fedâs Logan: Cautiously Optimistic on Inflation & Jobs đ
Dallas Fed President Lorie Logan expressed cautious optimism that current policy rates could stabilize the job market while bringing inflation down to the 2% target. đ
đ Key Points:
â Upcoming data will test whether the current policy stance is appropriate.
â If the outlook holds, the Fed may achieve its dual mandate WITHOUT further rate cuts.
â However, if inflation falls alongside a cooling labor market, more cuts could become suitable.
â ïž Her primary concern remains stubbornly high inflation.
đĄ Logan noted:
· Last yearâs 3 rate cuts helped reduce labor market risks⊠but added inflation risks.
· Short-term borrowing costs are now in a âneutralâ range.
· Current rates have âlimited restraintâ on the strong economy & persistent inflation.
đŻ Outlook: She expects inflation progress this year, with early signs already emerging. đ
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