Federal Reserve Bank of Dallas President Lorie Logan underscored on Friday that given the upside risk to the inflation outlook, she considers it "much too soon" to start easing monetary policy.
"And the data for February, though better than January's, weren’t great. The six-month and 12-month core and trimmed mean PCE inflation rates all landed around 3 percent, and the three-month rates were somewhat higher," Logan said in her speech at Duke University, expressing her concern that the monetary policy "may not be as restrictive as most forecasts assume."
"A flexible approach to monetary policy will provide time to continue assessing the data and outlook and make the best choices to sustainably achieve both stable prices and maximum employment," the Fed official added.
