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Fed's Logan: The Fed needs to "temporarily keep the interest rate unchanged"
PANews, November 21 - According to Jin10, Dallas Fed President Logan stated on Friday that the Fed needs to "keep interest rates unchanged for the time being" while assessing the current tightening of monetary policy. In a speech delivered in Zurich, she reiterated her previous view that the Fed's rate cut in October was not appropriate given that inflation remains elevated and the labor market is generally balanced. She said, "Maintaining interest rates unchanged for a period of time, in the absence of clear evidence to support further easing of policy, will allow the Federal Open Market Committee (FOMC) to better assess the degree of constraint of current policy."
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