Fed’s Logan: The US economy remains resilient
|The President of the Federal Reserve (Fed) Bank of Dallas, Lorie Logan, struck a cautiously balanced tone in earlier remarks, acknowledging both persistent inflation pressures and rising market uncertainty.
Key Quotes
- Despite uncertainty and financial market volatility, the US economy is resilient.
- The labour market remains stable.
- Inflation is still somewhat above target.
- Risks are balanced on both sides of the mandate.
- If tariffs change inflation expectations, that would be significant.
- Market volatility and uncertainty could cause households and businesses to pull back.
- Monetary policy is well positioned to wait and be patient.
- Well-positioned to act if risks materialise.
- Key risk is if higher short-term inflation expectations become entrenched.
- Our job is to ensure inflation doesn't become persistent.
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