Dallas Fed President Lorie Logan said the case for pausing interest rate increases at the central bank’s June meeting isn’t yet clear, while her colleague Governor Philip Jefferson sounded ready to be patient.
“After raising the target range for the federal funds rate at each of the last 10 FOMC meetings, we have made some progress,” Logan said Thursday in prepared remarks for a speech at a Texas Bankers Association conference in San Antonio. “The data in coming weeks could yet show that it is appropriate to skip a meeting. As of today, though, we aren’t there yet.”
Read More : Fed’s Logan Sees No Case for June Pause Yet as Prices Remain High