Federal Reserve Bank of Dallas President John Logan said Wednesday it was too early to consider cutting interest rates, given disappointing inflation data in the first months of this year.
The statement was made during a question and answer session at the Louisiana Bankers Association’s annual conference. He also drew attention to the fact that there is uncertainty about the extent to which current monetary policy is an economic deterrent.
“It is still too early to think about cutting interest rates,” said the governor. “We have to get rid of some of this uncertainty in terms of the direction we’re going to take. in and see how the financial landscape is evolving.
news-rsf-original-reference paywall">Original title: Fed’s Logan Says Still Too Early to Think About US Rate Cuts (excerpt)
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