Summary
- Lorie Logan, Dallas Fed president, said caution is needed regarding the possibility of further rate cuts.
- Logan said the labor market is in balance, so demand stimulus has a limited effect on employment.
- She emphasized that inflationary pressures could increase and that a cautious approach is necessary when deciding on further rate cuts.
Lorie Logan, president of the Federal Reserve Bank of Dallas, expressed a cautious stance on the possibility of further rate cuts.
On the 3rd (local time), foreign media reported that Logan said, "In a situation where the labor market is broadly in balance, stimulating demand would have a limited effect on employment growth and could instead only increase inflationary pressures," and stressed, "Therefore, further rate cuts should be approached cautiously."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
