Fed's Logan: Fed should not give guidance implying easing right now

AI summary

<p>Dallas Federal Reserve Pres. Lori Logan is exploiting her dissent at the FOMC meeting this week. The vote to keep rates unchanged was 8 to 4 with Fed Miran voting to cut rates while Fed's Kashkari, Logan and voted to keep rates unchanged but to take out the easing bias from the official statement.</p><p>Logan says: </p><ul><li>Fed should not give guidance and point easing right now.</li><li>That's next rate move could be cut or hike.</li><li>Economic outlook is very uncertain right now. </li><li>Jobs market has been stable.</li><li>Increasingly concerned about getting inflation back to 2%.</li><li>Outlook for inflation path is uncertain.</li></ul><p>Fed's Kashkari and Hammack had similar thoughts:</p><ul><li>Kashkari: Pre-Iran: easing inflation and steady jobs pointed to gradual cuts</li><li>Iran shock adds stagflation risk via oil and supply disruption</li><li>Hammack: uncertainty up, inflation risks skew higher, easing bias outdated</li><li>Both: hikes are back on the table if inflation persists</li></ul> This article was written by Greg Michalowski at investinglive.com.