Fed’s Logan Repeats Call to Lower Rates Gradually Amid Risks

Federal Reserve Bank of Dallas President Lorie Logan repeated her call for the US central bank to lower interest rates at a careful pace as the economic environment remains uncertain.

Logan, speaking Monday in prepared remarks for the Securities Industry and Financial Markets Association’s annual meeting in New York, said less restrictive monetary policy will help the Fed balance risks to both the inflation and labor market sides of its dual mandate.

“If the economy evolves as I currently expect, a strategy of gradually lowering the policy rate toward a more normal or neutral level can help manage the risks ...