Dallas Federal Reserve Pres. Lori Logan is exploiting her dissent at the FOMC meeting this week. The vote to keep rates unchanged was 8 to 4 with Fed Miran voting to cut rates while Fed’s Kashkari, Logan and voted to keep rates unchanged but to take out the easing bias from the official statement.
Logan says:
- Fed should not give guidance and point easing right now.
- That’s next rate move could be cut or hike.
- Economic outlook is very uncertain right now
Fed’s Logan: Fed should not give guidance implying easing right now
