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Dallas Fed President Logan says current data doesn’t justify pausing rate hikes yet


Lorie K. Logan, the newly appointed Federal Reserve Bank of Dallas president and chief executive, is pictured in this undated handout image, obtained on May 11, 2022.Dallas Federal Reserve | via ReutersDallas Federal Reserve President Lorie Logan said Thursday that the economic data points so far don’t justify skipping a rate increase at the central bank’s next meeting in June.While noting some progress in bringing down inflation and cooling the labor market, Logan said the Fed still has work to do in achieving its goal for price stability. Logan is a voting member this year of the rate-setting Federal Open Market Committee.related investing news 21 hours ago”After raising the target range for the federal funds rate at each of the last 10 FOMC meetings, we have made some progress,” she said in prepared remarks for a speech to bankers in San Anto …

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