Fed's Logan
- For now, stance of Fed policy is well positioned
- Higher-than-expected tariffs would very likely raise both unemployment and inflation
- Sustained burst of inflation could lead to rise in inflation expectations
- Inflation persistence will depend on how quickly companies pass through cost increases, and if long-term inflation expectations remain well anchored
Logan is a hawk so I wouldn't expect her to push for rate cuts. That said, she isn't exactly banging the drum for holding or hiking.
