Federal Reserve Bank of Dallas President Lorie Logan reiterated her stance on further interest-rate hikes, emphasizing the need for at least two more quarter-percentage-point increases. However, she suggested that the central bank could adopt a more gradual approach to allow households, businesses, and markets to adapt to rising rates.
In prepared remarks for an event in Davidson, North Carolina, Logan stated, "Skipping a meeting does not change the monetary policy destination." This comment underscores her belief that the ultimate goal of monetary policy remains unchanged, even if the pace of adjustments is moderated.
The Fed official's remarks come amid ongoing discussions about the balance between tightening monetary policy to combat inflation and avoiding undue stress on the economy. Logan's approach reflects a cautious yet deliberate strategy to navigate these challenges.