Dallas Fed President Lorie Logan said Tuesday she thought the most important risk is that the central bank tightens monetary policy too little
The Federal Reserve has to manage the risks of tightening monetary policy too little or raising interest rates too much, said Dallas Federal Reserve President Lorie Logan on Tuesday.
“That... The Federal Reserve has to manage the risks of tightening monetary policy too little or raising interest rates too much, said Dallas Federal Reserve President Lorie Logan on Tuesday. “That could trigger a self-fulfilling spiral of unanchored inflation expectations that would be very costly to stop,” Logan said.
She said she anticipates the Fed will need to continue gradually raising the benchmark Fed funds rate until there is “convincing evidence” that inflation is on track to return to the Fed’s 2% target.Logan said she wanted to gain confidence in her outlook for the economy, but said confidence in the forecast is in short supply “when the jobs report comes in with hundreds of thousands more jobs than anyone expected.
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