- Monetary policy is likely just modestly restrictive
- Cognizant to risks to the labor market
- There are also upside risks to goods prices even after tariff effect fades
- Worried about non-housing services inflation that's been elevated and stuck there
Logan yesterday said inflation was trending higher and that the jobs market was gradually slowing. She's been staking out the hawkish side of the spectrum, which means she's more eager to hike rates or keep them steady, something that would boost the US dollar.
