- There is a lot of uncertainty over the trade-off with the unemployment rate
- It is important to stay focused on restoring price stability
- The China slowdown is something to watch
- Surprising strength of the economy creates risk for inflation. We have more work to do.
- Quite a bit of room for Fed balance sheet run off
- Financial conditions tightening have been rapid but orderly
- She has been thinking about how to square overall economy with Fed tightening so far
- Tends to think that monetary policy lags are shorter than others
- The bulk of economy is adjusting more quickly to monetary policy
- Fed's focus and mine is the 2% inflation target
- Looking at financial markets and performance of economy, the long-term neutral rate may be higher
- Have seen tightening of bank lending standards, similar to what we expect and intend with policy tightening
Logan is considered a hawk on the Federal Reserve. She is a voting member on the Federal Reserve board in 2023.