Dallas Fed Pres. Lorrie Logan:
- Despite the uncertainty, financial market volatility, the US economy is resilient.
- Labor market stable.
- Inflation still somewhat above target.
- Risks are balanced on both sides of the mandate.
- If tariffs change inflation expectations and that would be significant.
- Market volatility, uncertainty could cause households, businesses to pull back.
- Monetary policy well-positioned to wait, be patient.
- Well-positioned to act if risk materialized.
- Key risk is if higher short-term inflation expectations become entrenched.
- Our job is to ensure inflation doesn’t become persistent.
This article was written by Greg Michalowski at www.forexlive.com.
