Over the past few days, remarks by Federal Reserve officials have highlighted the ongoing debate over how much more the central bank needs to do to fight inflation. On Thursday, Dallas Federal Reserve Bank President Laurie Logan said the data don’t yet support a pause but that she’s keeping an open mind.
“After raising the target range of the federal-funds rate at each of the last 10 [Federal Open Market Committee] meetings, we have made some progress. The data in coming weeks could yet show that it is appropriate to skip a meeting,” Logan said in remarks prepared for delivery to the Texas Bankers Association Thursday morning. “I remain concerned about whether inflation is falling fast enough,” she added. Speaking separately, Fed Gov. Philip Jefferson did not tip his hand beyond noting that there would be a lot of economic data to review before the Fed interest-rate committee’s next meeting June 13-14. He noted that “the level of uncertainty is high.” On the one hand, inflation remains “too high,” and by some measures, progress on bringing it down has …
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