01:54 PM EDT, 10/21/2024 (MT Newswires) -- The Federal Reserve should gradually reduce its benchmark lending rate to help manage risks to inflation and the labor market, if the economy evolves as projected, Dallas Fed President Lorie Logan said Monday. Last month, the central bank's Federal Open Market Committee lowered interest rates by 50 basis points to a range of...

NEW YORK (Reuters) - Federal Reserve Bank of Dallas President Lorie Logan said Monday she sees more rate cuts ahead for the central bank and suggested she sees no reasons why the Fed can't also press forward with shrinking its balance sheet. If the economy evolves as I currently expect, a strategy of gradually lowering the policy rate toward a...

The U.S. economy is flexing unexpected muscles, with recent data hinting at a potential shift from the much-anticipated soft landing to something far more glittering. Only two months ago concerns about a looming downturn dominated the narrative, but as a series of upside data surprises rolled in, including better-than-expected GDP revisions, the September jobs report, and retail sales figures, the...

02:40 PM EDT, 10/21/2024 (MT Newswires) -- Dallas Fed President Lorie Logan (nonvoter) said that she expects it will be appropriate to gradually lower the federal funds rate but cautioned that unexpected shocks could alter the path of policy reduction and that the Federal Open Market Committee will need to remain nimble and willing to adjust if appropriate. Minneapolis Fed...