Fed can be 'patient,' needs more good inflation data: Logan
AUSTIN, Texas - Dallas Federal Reserve Bank President Lorie Logan on Tuesday said recent data showing inflation is cooling is"welcome news" but that the U.S. central bank can stay patient on interest-rate policy.
Inflation data published in the middle of that two-day meeting showed consumer prices did not rise at all in May from April, signaling the potential resumption of progress after what Logan called a"disappointing" several months. "I think there are still some upside risks to inflation that we have to keep our eyes on," she said. And, she said, structural changes since the pandemic likely mean that interest rates will not return to the low levels seen before the pandemic.
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