Fed’s Logan says it could be appropriate to skip an FOMC rate hike at September meeting

Dallas Federal Reserve Bank President
Lorie Logan:

  • ‘Could be appropriate’ to skip interest-rate increase in Sept
  • There is ‘work left
    to do’ to get to sufficiently restrictive policy
  • Skipping does not
    imply stopping rate hikes
  • Not yet convinced
    we’ve extinguished excess inflation
  • Fed needs to
    calibrate policy ‘carefully,’ must proceed gradually
  • Significantly lower
    inflation in recent months ‘encouraging,’ but too soon to confidently
    say on path to 2% in timely way
  • Job market strength
    suggests we have not finished the job of restoring price stability
  • If stronger economic
    activity continues, could lead to a resurgence of inflation

Headlines via Reuters.

Logan keeping all options open here. Making points for hiking, and for not hiking.

This article was written by Eamonn Sheridan at www.forexlive.com. Source