Dallas Federal Reserve Pres.
Dallas Federal Reserve Pres. Lori Logan is exploiting her dissent at the FOMC meeting this week.
The vote to keep rates unchanged was 8 to 4 with Fed Miran voting to cut rates while Fed’s Kashkari, Logan and voted to keep rates unchanged but to take out the easing bias from the official statement. Logan says: Fed should not give guidance and point easing right now. That’s next rate move could be cut or hike.
Economic outlook is very uncertain right now. Jobs market has been stable. Increasingly concerned about getting inflation back to 2%.