Logan Says Fed Can Wait as Risks to Inflation, Jobs Are Balanced

Federal Reserve Bank of Dallas President Lorie Logan said the US central bank can remain patient as it assesses risks to both inflation and unemployment.

“We’re seeing risks on both sides of our dual mandate that appear fairly balanced,” Logan said Monday during a banking conference hosted by the Dallas Fed. “That leaves us well positioned to wait for the data, to be patient and, if we get significant information that really changes the outlook on the balance of risks, we’ll be prepared to respond.”

Fed officials have said it could take months to gain clarity on the economic impacts ...