Continued restrictive financial conditions will be necessary to bring down inflation, Dallas Fed President Lorie Logan said on Monday, per Reuters. 'I
Continued restrictive financial conditions will be necessary to bring down inflation,Dallas Fed President Lorie Logan said on Monday, per Reuters. "If long-term interest rates remain elevated because of higher term premiums, there may be less need to raise the fed funds rate," Logan added. "However, to the extent that strength in the economy is behind the increase in long-term interest rates, the FOMC may need to do more.
" Key quotes "We are attentive to risks on both sides of fed's mandate, but high inflation is the most important risk." "Progress on inflation is encouraging but it'stoo early to be confident it is headed to the Fed's 2% target in a sustainable, timely way." "Labor market is still very strong, wages are still solid." "Output, spending have been surprisingly strong; outlooks for consumer are mixed.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tighter financial conditions could leave less for Fed to do, Logan saysTighter financial conditions could leave less for Fed to do, Logan says
Read more »
Logan Paul Vows To Give Danis 'Worst Night Of His Life' After Agdal TrollingLogan Paul is champing at the bit to get revenge on Dillon Danis when they officially face off in their boxing match next month.
Read more »
Here’s one big reason (among many) for continued U.S. support of UkraineIf Putin can seize Ukraine’s agricultural production or deprive everyone else of its exports, he can blackmail the world.
Read more »
Helping the community understand the law enforcement process13News reporter Logan Gay details a recent meeting regarding recent officer-involved shootings.
Read more »