Dallas Fed President Lorie Logan explains her support for this week's Fed decision alongside her continued view the Fed | Hanami
Dallas Fed President Lorie Logan explains her support for this week's Fed decision alongside her continued view the Fed needs to make two more hikes.
"Skipping a meeting does not change the monetary policy destination. Indeed, by making the destination clear, the FOMC can better help the economy adapt and obtain the promised benefits of a skip." *** "Financial markets have been volatile in response to news on the technology investment outlook and geopolitical developments. In such an environment, adjusting policy more gradually can help households, businesses and market participants adapt to higher rates and reduce the risk that economic activity deteriorates more sharply than necessary.
Moreover, as long as market participants understand the FOMC’s policy plans, the precise timing of each rate increase has little effect on the longer-term rates most borrowers pay."