Dallas Fed Pres. Lorrie Logan:
Despite the uncertainty, financial market volatility, the US economy is resilient. Labor market stable.Inflation still somewhat above target.Risks are balanced on both sides of the mandate.If tariffs change inflation expectations and that would be significant.Market volatility, uncertainty could cause households, businesses to pull back.Monetary policy well-positioned to wait, be patient.Well-positioned to act if risk materialized.Key risk is if higher short-term inflation expectations become entrenched.Our job is to ensure inflation doesn't become persistent. This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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