Federal Reserve Bank of Dallas President Lorie Logan said Friday that there has been some “welcome progress” in the fight against inflation, but that it remains too high.
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“There has been welcome progress in tackling inflation, but it remains too high.”
“We are still not convinced of moving towards 2% inflation.”
“The economy continues to perform better and the labor market remains tight.”
“It is important that financial conditions are generally restrictive.”
“The Fed has time to observe the economy and markets before deciding its monetary policy.”
“The Fed has been unified in restoring price stability.”
“Part of the rise in bond yields is tied to term premiums.”
“Part of the rise in bond yields is also tied to the strength of economic data.”
“The rise in bond yields has been quite orderly.”
“Bond markets are working, but they are still watching for problems.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
