Fed's Logan (2026 voter, hawk) calls for a modestly higher policy rate; says modestly higher interest rates would better the balance outlook and risks
- It is time to finish the job of restoring price stability.
- One month of low CPI is not enough.
- Some policy restriction is needeed to help get it there.
- Inflation does not appear to be heading sustainably back to 2% on its own.
- Downside risks to employment have faded, inflation risks are mainly to the upside.
- AI may eventually generate productivity surge, but demand effects are here already.
- AI investment surge could trigger non-linear price increases.
- Labour market is well balanced, even strengthening a bit.
- Labour, consumption, and financial data indicate that monetary policy is not restraining the economy.
#UNITED STATES#USD#JAPAN#UNITED KINGDOM#DATA#IMPORTANT#FOREX#FIXED INCOME#EU SESSION#US SESSION#CONSUMER PRICE INDEX#FEDERAL RESERVE#CENTRAL BANK#HAWK#INFLATION#MONETARY POLICY#DXY#AI