Too soon to consider lowering interest rates, Dallas Fed Reserve President Lorie Logan says

Dallas Federal Reserve President Lorie Logan believes it's premature to consider lowering interest rates due to lackluster inflation figures and uncertainties surrounding current policy restrictions. Speaking at the Louisiana Bankers Association's annual conference, she emphasized the need to resolve uncertainties about the economic trajectory and maintain flexibility in policy decisions. Logan acknowledged the disappointing inflation data in the first few months of the year and highlighted the Federal Reserve's stance of keeping interest rates unchanged in the 5.25%-5.50% range since their July meeting. Federal Reserve Chair Jerome Powell also echoed this sentiment, indicating that rates are likely to remain high for an extended period until policymakers gain confidence in the economic outlook. Logan's caution reflects concerns about the slowing progress in addressing inflationary pressures, reinforcing the Fed's cautious approach to monetary policy adjustments.