Federal Reserve Bank of Dallas President Lorie Logan:
- Too soon to think about rate cuts
- there are good reasons to think we are still on the path to 2% inflation, but bumpy
- policy may not be as restrictive as we think
- good reasons to believe neutral rate is higher now than before the pandemic
- if the neutral rate is higher than before it suggests rates won't go back down to pre-pandeimc levels
more to come
Fed's Logan