Fed’s Logan Sees More Work to Do in Reaching Inflation Target

Federal Reserve Bank of Dallas President Lorie Logan said she’ll approach additional rate cuts very cautiously while the risks to inflation remain more prominent than the threat of higher unemployment.

“I’m seeing that inflation is running above our 2% current target,” Logan said Thursday during a question-and-answer session at the University of Texas at Austin, adding that she expects tariffs to move inflation higher in coming months.

President and CEO of the Federal Reserve Bank of Dallas Lorie Logan

Photographer: Shelby Tauber/Bloomberg

As a result, she said, “my forecast has a little bit slower of a normalization of the policy path in order to make sure we get all the way to 2%. So ...