PRIMER - Today’s Fedspeak includes: Logan, Schmid, Jefferson

17:30BST/12:30: Fed’s Logan (2026 voter) will give remarks on the outlook and the economy. Speaking last month, before the June FOMC meeting, Logan said current monetary policy looks neutral or loose, and that she is increasingly concerned higher interest rates may be needed later this year, citing inflation’s slow return to the 2% target. She also gave remarks last week, where she didn’t make any remarks on policy, noting that the Fed could make its open market operations more efficient by voluntarily adopting central clearing, and cautioned that leverage levels in markets need to be carefully managed, adding that both participants and the official sector must balance the benefits and risks of leverage and its interaction with market liquidity.
18:25BST/13:25EDT: Fed’s Schmid (2028 voter) will speak on the outlook and economy. Speaking in June, before the FOMC meeting, Schmid said the choice facing the Fed is between patience and holding rates steady, or even hiking rates to manage inflation that has crept into the 3.5% range.
00:00BST/19:00EDT: Fed’s Jefferson (voter) will speak on the outlook and economy. Speaking at the end of May, Jefferson said policy is well positioned, leaving the Fed able to respond to developments based on incoming data and the balance of risks. Jefferson expects inflation pressures to wane later this year, but still flagged potential upside risks, noting that the US is not fully insulated from Middle East energy disruptions. He described the labour market as stable, but said risks are tilted to the downside.