Fed’s Logan Repeats Call for ‘Gradual’ Pace of Rate Reductions

Federal Reserve Bank of Dallas President Lorie Loganstuck by her view that interest rates should move at a slow pace to a more normal level.

While she described the economy as “strong and stable,” Logan also pointed to “meaningful” risks ahead.

“It’s really important to look ahead as we chart this path toward neutral, and that we do so in a very gradual way to balance the risks that we have,” she said Friday at a conference hosted by the Federal Home Loan Bank of Dallas.

Lorie Logan

Photographer: Nitashia Johnson/Bloomberg

Policymakers last month lowered rates by a larger-than-normal 50 basis points amid ...