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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.
Author
Pablo Piovano
FXStreet
Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.
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