![Fed's Logan](https://images.forexlive.com/images/Fed%27s%20Logan_id_5b0803d1-58a1-4da8-b4b5-4bacd2fb1797_size900.jpg)
Fed's Logan
- Inflation remains too high
- The core question is if financial conditions today are sufficiently restrictive
- Labor market is still too tight
- Still looks like trending towards 3% inflation
- We'll need to see tight financial conditions to bring inflation to 2%
- My expectation is we'll see growth slow but we've been wrong before
- Key question on long-term rates is what was driving it
- If it was on the back of strong economic growth, FOMC would have to deliver on expectations
- If rise in long end driving by term premium, it could do some of the Fed's work
- Will watch to see if retracement of long-rates continues
She's sounding more hawkish here.