Fed’s Logan Repeats Call for Moving Slowly on Further Rate Cuts

Federal Reserve Bank of Dallas President Lorie Logan said it would likely be appropriate to hold interest rates steady at the central bank’s December meeting to ensure policymakers don’t ease too aggressively only to reverse course later.

“With two rate cuts now in place, I’d find it difficult to cut rates again in December unless there is clear evidence that inflation will fall faster than expected or that the labor market will cool more rapidly,” Logan said Friday at an event in Zurich.

“In the absence of clear evidence that justifies further easing, holding rates steady for a time would ...