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Logan Opts For Increasingly Familiar Line On Rate Cut Patience

FED
  • Logan (non-voter), one of the more hawkish FOMC members who last spoke in Jan 6, in Q&A opts for a familiar line seen from other FOMC members this past week, with the Fed can take time to assess incoming economic data.
  • 'TREMENDOUS' INFLATION PROGRESS, MORE WORK TO DO - bbg
  • The in-person event with no livestream then threw some confusion up when Bloomberg mistakenly reported her as saying she doesn’t see any urgency to raise rates now, before correcting to she doesn’t see any urgency to cut rates now.
  • Two-sided points on external factors, with geopolitical risks potentially putting upward pressure on inflation whilst she's also watching slower-than-expected growth in China.
  • Bloomberg also notes her saying that the balance sheet unwind has been going very smoothly so far.
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