Fed’s Logan: Plan to exercise caution in further reductions

Dallas Federal Reserve (Fed) President Lorie Logan said late Tuesday that he “plans to exercise caution in further reductions.”

Additional quotes

Anchored inflation expectations cannot be taken for granted.

Excluding tariff impacts inflation may rise to 2.4%, driven by non-housing services.

May require more labor market slack to hit 2% inflation target.

Financial conditions are a tailwind now, evidence policy is only modestly restrictive.

Resilient consumption and business investment, also signs policy only modestly restrictive.