Central Banks
Fed’s Logan Doesn’t Yet See Case for June Pause With Prices Still High
- Dallas Fed chief concerned if inflation is falling fast enough
- Fed’s Jefferson suggests he’s willing to be patience on policy
Dallas Fed President Lorie Logan said the case for pausing interest rate increases at the central bank’s June meeting isn’t yet clear, while her colleague Governor Philip Jefferson sounded ready to be patient.
“After raising the target range for the federal funds rate at each of the last 10 FOMC meetings, we have made some progress,” Logan said Thursday in prepared remarks for a speech at a Texas Bankers Association conference in San Antonio. “The data in coming weeks could yet show that it is appropriate to skip a meeting. As of today, though, we aren’t there yet.”