Dallas Federal Reserve Bank President
Lorie Logan:
- ‘Could be appropriate’ to skip interest-rate increase in Sept
- There is ‘work left
to do’ to get to sufficiently restrictive policy - Skipping does not
imply stopping rate hikes - Not yet convinced
we’ve extinguished excess inflation - Fed needs to
calibrate policy ‘carefully,’ must proceed gradually - Significantly lower
inflation in recent months ‘encouraging,’ but too soon to confidently
say on path to 2% in timely way - Job market strength
suggests we have not finished the job of restoring price stability - If stronger economic
activity continues, could lead to a resurgence of inflation
Headlines via Reuters.
Logan keeping all options open here. Making points for hiking, and for not hiking.
Dallas Fed Pres. Logan