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MNI: Logan Says May Soon Be Appropriate For Fed To Slow Hikes

(MNI) WASHINGTON

Dallas Fed President says the central bank still has a long way to go.

Dallas Fed President Lorie Logan said on Thursday the October CPI data were a welcome relief and it may soon be appropriate to slow the pace of rate increases to better assess how financial and economic conditions are evolving, but the central bank still has a long way to go.

"While I believe it may soon be appropriate to slow the pace of rate increases so we can better assess how financial and economic conditions are evolving, I also believe a slower pace should not be taken to represent easier policy," she said in openings remarks at a Fed conference.

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Dallas Fed President Lorie Logan said on Thursday the October CPI data were a welcome relief and it may soon be appropriate to slow the pace of rate increases to better assess how financial and economic conditions are evolving, but the central bank still has a long way to go.

"While I believe it may soon be appropriate to slow the pace of rate increases so we can better assess how financial and economic conditions are evolving, I also believe a slower pace should not be taken to represent easier policy," she said in openings remarks at a Fed conference.

Keep reading...Show less